ETH / USD has reached the first corrective target at 62% Fibo level (around $918).
So what is next now?
- We bounce up and start wave 3
- We go lower to $850 area
Unfortunately, I think we go a bit lower and test the 79% Fibo level at around $850.
The RSI is not yet in oversold area and downtrending. The MACD line is not fattening yet. So this supports a lower price from here.
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