ETH zigzagged aroud 160-165, as BTC huge breakout last night failed to rouse the buying force in ETH. Aslo price of ETH indicated weakness in momentum, compared with the blowup trend in LTC.
That said, I favor the bull won't be able to push above 165 and make new highs. It's more possible that some form of correction is about to take shape. I adjust my projection for ETH, abandoning 200 price target. Now I'm neutral on ETH.
As shown in the chart, I'll wait the trend like to broken to short.
That said, I favor the bull won't be able to push above 165 and make new highs. It's more possible that some form of correction is about to take shape. I adjust my projection for ETH, abandoning 200 price target. Now I'm neutral on ETH.
As shown in the chart, I'll wait the trend like to broken to short.
