Often Corrections last to about the Midlle of the Bollinger Band. So the Price could move downwards already there.
But I think this run could easily "break" 10k, while 10k acctualy probbably is not a strong resistance.
Untill it is not far over 10k the price could still turn bearish again and create a C Wave.
In case of the C wave the Price could even drop below 1000
The ETH Price seems to bee at the to of the Triangle.
The RSI shows, it is in the over bought Area.
The Bollinger Bands start to get more narrow.
-> We could probably see a big move soon.
Because ETH was overbought and is in the top range of the triangle I am rather bearish, but if we break through the Triangle, we might go to the moon.
For now the BTC Price is correcting up. (The small blue 5 waves)
The question is now if this will be the 1st wave of a bigger 5 wave impulse (bigger 5 waves in pink leading to a price around 23k) or
if it will end and a new downward ABC correction(pink) comes and maybe even reaches below 5k.
The RSI for me is still not bullish. If it will climb above the Red...
A Wave Happened.
Now this would be the B Wave and then probably the C wave comes.
If it happens like this we would correct to about the Bollinger Band middle and then continue to fall to around 10800$.