ETH to correct before 1200 to 800 ~ 950

7 Oca 2018

ETH is temporarily overbought after breaking out the bullish pennant. Still, for its momentum to stop another ~$50 gain can be expected (& we'll get roughly AB=CD growth before & after the pennant).

We're likely to experience a correction thereafter. Several supports are the weekly EMA (~950) and monthly (~800). I don't really expect it to even touch the trend line, as we're looking forward to switching to POS.

Probably a quick double bottom.

8 Oca 2018

Not

Correcting now