Expect etheur to go back to 61.8 fib after 5th elliot.
1 hour chart is overbought on bollinger bands, and is moving inside the ichimoku cloud.
I sold my eth @1100, and will await the trends. Likely to hit between 800 and 900, so for me that is the new entry point if a bounce is seen. If not fib 50 might be the next target.
I've linked to MarcPMarkets analysis, as that is really good on ETHUSD.
This is only for my own notes, and is not recommended trading advice.
1 hour chart is overbought on bollinger bands, and is moving inside the ichimoku cloud.
I sold my eth @1100, and will await the trends. Likely to hit between 800 and 900, so for me that is the new entry point if a bounce is seen. If not fib 50 might be the next target.
I've linked to MarcPMarkets analysis, as that is really good on ETHUSD.
This is only for my own notes, and is not recommended trading advice.
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And fib 50 was hit yesterday (approx).