I continue to think that the correction is not over yet. We could be at the wave 4 of the EW "C" ABC correction.
Correction are always healthy.
Daily RSI and MACD are still overbought.
Bollingers bands show high volatility.
ETH/BTC looks for a correction too.
First target would be 1030$ area.
We could see 830$ if the wave 5 is extended.
Feel free to post your minds, i can be wrong : agreements and disagreements are both welcome.
Correction are always healthy.
Daily RSI and MACD are still overbought.
Bollingers bands show high volatility.
ETH/BTC looks for a correction too.
First target would be 1030$ area.
We could see 830$ if the wave 5 is extended.
Feel free to post your minds, i can be wrong : agreements and disagreements are both welcome.
Comment:
EW is invalidated but if ETH can't break 1400$ area we could see a strong double top which would put us in the same area of the expected wave C. Maybe more 900$ than 800$.
Trade closed: target reached