ETH: The Healthy Correction Before Take Off!
My Fellow Crypto Traders,
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Cheers & Happy Trading!
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ANALYSIS:
ETH has been on quite the run w/ BTC leading the way in which we should see BTC enter a correction/accumulation phase. Thus, we should see a new cycle of bullishness from Alts, with ETH leading the way, and LINK on ETH's heals. So, ETH could slightly correct back down to around $447 to regain momentum to break the $468 resistance, however, I believe a deeper correction is needed to break the $468 resistance, which the RSI supports this narrative. Therefore, we could see another 200EMA bounce before the bullish fever takes ETH beyond $488, and on through $500.
Moreover, BUY BUY BUY as much ETH as possible, because these prices are relatively cheap, due to ETH being undervalued. Might not see these price levels ever again!
Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
----------------------------------------------------------------------------------------------------------------------------------------------------
ANALYSIS:
ETH has been on quite the run w/ BTC leading the way in which we should see BTC enter a correction/accumulation phase. Thus, we should see a new cycle of bullishness from Alts, with ETH leading the way, and LINK on ETH's heals. So, ETH could slightly correct back down to around $447 to regain momentum to break the $468 resistance, however, I believe a deeper correction is needed to break the $468 resistance, which the RSI supports this narrative. Therefore, we could see another 200EMA bounce before the bullish fever takes ETH beyond $488, and on through $500.
Moreover, BUY BUY BUY as much ETH as possible, because these prices are relatively cheap, due to ETH being undervalued. Might not see these price levels ever again!
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