Don't get too excited just yet!
Good morning Traders
I still think this rise off the daily OB looks suspect. More likely a B/X wave before putting in a final low for this correction. Doesn't look very impulsive considering volume plus ETH is currently at major resistance after leading the market with this recent rise.
Expecting a SFP at around 12.1k and targeting 10.7-10.9k for an end to this correction. If that doesn't hold 10.5k should hold as major support imo.
I still think this rise off the daily OB looks suspect. More likely a B/X wave before putting in a final low for this correction. Doesn't look very impulsive considering volume plus ETH is currently at major resistance after leading the market with this recent rise.
Expecting a SFP at around 12.1k and targeting 10.7-10.9k for an end to this correction. If that doesn't hold 10.5k should hold as major support imo.
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