ETH / USD has done a A, B, C extended flat correction and started a new wave count.
Wave 1 is over and we are now in its correction with a downtrending RSI and a MACD that has almost crossed.
There are different targets:
38% Fibo at $1,009
50% Fibo at $964
62% Fibo at $918
Assuming the retracement goes to 62% level ($918), I see a medium-term target at around $1,580.
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.
