Continuation Update to my former analysis ETH/USD (see other entry!)
Potential Inverted H&S Forming with Neckline $232.14
Shorts are at All-Time-High - Squeeze VERY likely!
1. Target $262
2. Target $281
ETH/USD LONG IDEA
1) 5th Elliot Wave coming to an end
2) RSI Bullish Divergence
3) Bullish Hammer Candle Showing Buying Interest
4) Psychological Support $200
Target: Resistance at $398
StopLoss: $195
EOS was pushing very hard along with BTC but now hitting strong resistance at 6.82. We are finishing the 5th Wave upwards and are due for a ABC correction before a potential next move up.
