ETH to correct before 1200 to 800 ~ 950
Updated
ETH is temporarily overbought after breaking out the bullish pennant. Still, for its momentum to stop another ~$50 gain can be expected (& we'll get roughly AB=CD growth before & after the pennant).
We're likely to experience a correction thereafter. Several supports are the weekly EMA (~950) and monthly (~800). I don't really expect it to even touch the trend line, as we're looking forward to switching to POS.
Probably a quick double bottom.
We're likely to experience a correction thereafter. Several supports are the weekly EMA (~950) and monthly (~800). I don't really expect it to even touch the trend line, as we're looking forward to switching to POS.
Probably a quick double bottom.
Note
Correcting now
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