Eth highly possible correction is on the way

RSI has made a negative divergence already. Price action also looks like almost the same as the january 3rd - 10th

So as soon as it breaks current mini trend line down, i am expecting a correction down to main trend line.

Bình luận:

It closed under the trend line at 4h candle but it could be used as a bear trap.

A little sideways rally up to 1800 is possible. Then the correction on monday with CME futures..

Giao dịch đang hoạt động:

It is on a big decision time. 1565 is a nice support zone. If it can bounce here with volume, it can go upwards.

However it looks weak.