ETH looks like it isn't quite done with the upside even though there is a wavecount that indicates that it may have topped out. I personally think we see some more upside but lets let the market lead.
I put up one 2 trades to consider. Not very attractive risk reward, but trades nonetheless.
I put up one 2 trades to consider. Not very attractive risk reward, but trades nonetheless.
Comment:
`nice neat dip followed by buyers swooping in along the trend line. I think we are setting up to go higher
Comment:
Im starting to reconsider the long-side, however, Im not really convinced that 338 was a peak. There wasn't enough volume to cause a complete change in sentiment. Needless to say, there has been a pickup in volume as ETH trades lower. If it continues to slip lower, I expect a test of 169 before buyers come in.
