Eth highly possible correction is on the way
Updated
RSI has made a negative divergence already. Price action also looks like almost the same as the january 3rd - 10th
So as soon as it breaks current mini trend line down, i am expecting a correction down to main trend line.
So as soon as it breaks current mini trend line down, i am expecting a correction down to main trend line.
Comment
It closed under the trend line at 4h candle but it could be used as a bear trap. A little sideways rally up to 1800 is possible. Then the correction on monday with CME futures..
Trade active
It is on a big decision time. 1565 is a nice support zone. If it can bounce here with volume, it can go upwards. However it looks weak.
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