ETHUSD has popped its head above what could be its wave 5 ending diagonal. A potential pullback to the 200 Weekly MA (250USD) doesn't seem unreasonable whilst the rest of the field plays catch up. We may even see a low down to 215USD if an ABC plays out on the daily as the rest of Crypto finishes their 5 waves and start to pull back in the weeks to come.
RSI shows clear bearish divergence on the 1 Day & 3 Day and with the weekly close coming in two hours time there will be bearish divergence on the Weekly RSI also.
Tricky counter trend (Macro) trade so a tight stop loss is essential.
RSI shows clear bearish divergence on the 1 Day & 3 Day and with the weekly close coming in two hours time there will be bearish divergence on the Weekly RSI also.
Tricky counter trend (Macro) trade so a tight stop loss is essential.