Eth looks like it will retrace some then go up!

Judging by the indicators like MACD and RSI, and the general behavior of Eth, it seems like it'll retrace this move overnight, maybe a day or so, then go back up again!

It's hit its 12-3 Fib (3 wave move) targets in the 1 hr time frame over the last 2 1/2 weeks setup.

Eth put in an Inverse H&S in the last 5 weeks and satisfied the move, now it will most likely extend upwards Targeting $4900 (after a small-medium sized retracement)

Eth Hit its high from 5 weeks ago.

Good Luck!

Also Remember Jesus! He gives you your very breath and sanity! =)
Elliott WaveFibonacciHead and Shoulders

Haftungsausschluss