Recently, we saw most Cryptocurrencies decline in value. This gave us a good buying opportunity in Ethereum because it held the 0.382 retracement, suggesting a wave 4 low was in. This suggests that we are likely to see a further rally into Tuesday and possibly Wednesday.
We must be careful, however, since there is a signifiacant amount of divergence coming in between price and momentum. For now, I remain bullish.
We must be careful, however, since there is a signifiacant amount of divergence coming in between price and momentum. For now, I remain bullish.
