Decision time for Etherium

9 окт. 2018 г.

Looking at the inverse chart it looks clear that it is time for a pullback on this bear market. If ETH wants to keep its elliot wave bear pattern it mustn't go above $354 USD. If we break $354 we will look to the Fibonacci tool and aim for $500 and $582, if we break $582 we will look to start a bull market. The question is will ETH retest the previous lows or set new lows before we see a larger retrace. I believe not due to the the double top on the RSI as well as the bullish momentum on the 1 day MACD. Please share any comments.