Baidis

Wave 5 not much time left

COINBASE:ETHUSD   Ethereum / U.S. Dollar

Looks like we are nearing the end of wave 5. Stoch RSI and RSI being overbought might stay that way for a week or 2. I am expecting short abrupt volatile movement on weekly chart. $400 could be the top but I still think $500 is possible. The crash will also come fast. MACD still looks nice for bullish movement.


It's possible we see $250 price again on the retracement. I don't think price will cross 2.618 Fib level. It's possible price quickly wicks up there. Most likely the body of the candle both on weekly and daily time frame close under $500.

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