ETH - 1st target reached! What is next?

ETH / USD has reached the first corrective target at 62% Fibo level (around $918).

So what is next now?

1. We bounce up and start wave 3
2. 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.

Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.