Daily is showing some RSI divergence and is possibly still in a 4th wave pullback in an impulse wave. We are also currently at the 200 MA resistance noted as well. Fib zones set on wave 4 to show targets using fib extensions, the first being the 1.272 level putting us right at the bottom of the wedge. Enjoy the decline, bear market is not over yet! ;)
possible zigzag correction, short entry with low risk. First TP at the the .618 fib and second near the bottom of the channel. SL above (B). Enjoy the decline! ;)... should happen fast, like tomorrow probably, or will look for an early exit.
Two places we land here, either a double bottom at previous lows or finds demand around 19220. Either way I would be looking for a long around these areas! :) Any opinions or suggestions to this chart? thanks!
Major RSI bear divergences spotted on ETHUSD, this chart pretty much speaks for itself! I'm calling this the top here for this cycle, should be shifting into a bear market across the board with stocks and crypto sometime in the coming weeks/ Months. The reason I chose ETHUSD is all the room left to dump! THIS IS THE TOP BOYS! Enjoy the decline! ;)
