ETH / USD has reached the first corrective target at 62% Fibo level (around $918).
So what is next now?
- We bounce up and start wave 3
- We go lower to $850 area
Unfortunately, I think we go a bit lower and test the 79% Fibo level at around $850.
The RSI is not yet in oversold area and downtrending. The MACD line is not fattening yet. So this supports a lower price from here.
Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.
Basically all cryptos need a time to cool off, i think it will rise when BTC start to rise in a bull trend!
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I do feel like thats a little premature on the up. I think ETH will drop to around $700 - $800 before it rises fully again.
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Agreed. But I think it will be around $850
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You got a 27.18% upvote from @minnowvotes courtesy of @gailus!
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Si muy cierto, pero la fortaleza del ethereum es tal que pronto veremos buenos precios en esta criptomoneda.
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Great, I am going to keep an eye on your posts.
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You got a 23.36% upvote from @allaz courtesy of @gailus!
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This post has received a 13.61 % upvote from @kittybot thanks to: @gailus.
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