Ethereum is at a crossroad right now. Will we see a WXY correction (in red)?
Or will we go up for to complete 5 elliot waves around $325 before coming back down?
The daily rsi says we pop up one more time and we have algorithmic confluence up there at $325. The daily macd has not crossed yet.if we break $.01 cents above $290. Its very likely we will get to $300 or more. (Green arrows)
We are looking at a possible WXY correction (in red)
Although the indicators are looking bullish I want to add that all other altcoins are showing daily rsi divergence.will ethereum follow them down? Well. We will have to wait and see.im looking for a short to the $200 range.the bear scenario will be in play if we dont break above $290 and instead over lap our wave 1 and wave 4 high at $264 (in white)
we need to be patient and wait for the bulls or bears to make a convincing decision. Either way If your a longterm bull this is not the place to accumulate.too risky
Good luck guys
Or will we go up for to complete 5 elliot waves around $325 before coming back down?
The daily rsi says we pop up one more time and we have algorithmic confluence up there at $325. The daily macd has not crossed yet.if we break $.01 cents above $290. Its very likely we will get to $300 or more. (Green arrows)
We are looking at a possible WXY correction (in red)
Although the indicators are looking bullish I want to add that all other altcoins are showing daily rsi divergence.will ethereum follow them down? Well. We will have to wait and see.im looking for a short to the $200 range.the bear scenario will be in play if we dont break above $290 and instead over lap our wave 1 and wave 4 high at $264 (in white)
we need to be patient and wait for the bulls or bears to make a convincing decision. Either way If your a longterm bull this is not the place to accumulate.too risky
Good luck guys