ETH: 144 would make a bottom consistent with previous lows

Apr 28, 2019

An idea based on previous thoughts. ETH made a low of 80.6 and then made a higher low 99.6. About 24% up. The next low was 122.5 which was about 23% up. Taking the theory that ETH is making successive higher low 20-25% above the previous low, this would make the next low in 147-153 range. However, 200 DMA is 144, which is not much below this range therefore we might see a wick to 144 before the next leg up. It would also make the retest of .618 fib level consistent with the last scenarios.