For the SHORT TERM I expect ETH to keep trading sideways until the 50SMA either acts as support, or doesn't hold. In which case we will be retesting fib retracements. See my pervious post below for the possible fib support levels.
However, if 50SMA holds steady we will retest $600. In which case we would see an increase in volume and a turning uptrend in the RED RSI, whilst the GREEN LINE AND WHITE ENERGY will have to be above 50.
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However, if 50SMA holds steady we will retest $600. In which case we would see an increase in volume and a turning uptrend in the RED RSI, whilst the GREEN LINE AND WHITE ENERGY will have to be above 50.
Thank you for watching, please hit like 👍👀
Comment:
When I say retest 50SMA for the second time, I am only talking about the latest wave since 4 Dec.
