ETH - Getting close to the end of correction
ETHUSD is getting close to the end of this correction. Are we finished here or do we get to 2k before the final sell off to 6-700??
For me its still looking corrective and a move to 700 is likely to be coming shortly.
What will be the catalyst for the next move lower?
Trading much like the stock market, We have just come off a week where US Interest rates were raised, big earnings from the major companies and the onset of a recession due to 2 negative GDP quarters and yet the markets are higher.. 🤔🤔🤔🤔
2 CIT Windows on the 6th and 19th of August. These will be crirical for direction.
Wait to see what next week brings and go from there.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.