Two days ago I forecasted that $ETH “…first falls to ~2420-2300 area and then sharply recovers…”. It did exactly that. There are still 6 hours until the weekly print and anything could happen, but I can see that the chances of a good rally are increasing and we could see a bullish candle at the close. Above chart is a daily snapshot.
Stay tuned for the Weekly Analysis tonight.
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The call on May 16: