Is the bottom in for ETH?
Positive divergence on both the RSI and MACD. 5 wave count seems complete on C leg of ABC correction. On my last chart I predicted if the head and shoulders formation broke the neckline a drop to 550 area or .618 fib was likely.
Since then all my buy targets have been hit. We could possibly correct to the .718 area but Im comfortable setting my buys at this level.
On next impulse wave 3 with a 1.618 fib extension look for targets in and around 1,280 USD
Since then all my buy targets have been hit. We could possibly correct to the .718 area but Im comfortable setting my buys at this level.
On next impulse wave 3 with a 1.618 fib extension look for targets in and around 1,280 USD
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