ETH has completed significant pullback, can go up or down

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
The pump a few days ago has helped ETH break the 50W MA that it'd been under. That said, we have had almost 9 green candles with signs of exhausting momentum. Price has retraced a lot & one may say that the target is reached.

I see two scenarios:

1. Price continue to go up driven by Sunday whale pump (around 12pm UTC ). The $550-$600 zone is where 50D, 200D & 0.618 / 0.5 fibo levels are at. That provides a good dump opportunity that will send the price back down possibly to $360 levels.

2. Price corrects from here and seeks support from 50W MA.
Comment: bearish divergence; drop soon
Comment: can't believe how bullish the market has been. will it drop or not?

in theory should correct a little, but people are crazy now
saw this yesterday, should have published it as it formed

Can go up or down is the most accurate analysis , keep it up bro
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out