Technical analysis by mjchase about Symbol ETH: Buy recommendation (5/23/2021)

After a severely hard drop induced by fear and and the media we see what could be a potential bottom for Ethereum. I have taken an entry on the 1.618 extension and am looking to take profit at 61.8% of A-D . The majority of people will be looking for sells which indeed at this time in a time induced by fear we have more potential for gains.