#ETH = Possible Path 5 = 30.11.2021 $ETH #Ethereum #cryptocurrency #crypto #HODL

Ethereum is very resilient, but the bearish forces seem to be taking over. A diverging daily RSI is one of them.

This is the operative counts. The red count was invalidated and I am watching the remaining two:

  1. Green (primary).
    The correction is not over. A very complex wave B is in progress, possibly wave (a) of B.
    Technically it could even make a new higher high, but better not to, as another very bearish count will open.
  2. Blue.
    The bottom is in and wave iii has or about to be completed. After a retrace in wave iv, expect a rally in wave v.

The daily candles printed Three White Soldiers, but right into the upper BB. With such diverging RSI, $ETH must pullback very soon. The depth of the pullback and the character of wave will be the deciding factors for the winning count.

Good luck!

BTC Monthly Analysis:
https://investingangles.com/2021/11/30/btc-monthly-analysis-long-term-forecast-30-11-2021-btc-bitcoin-crypto-cryptocurrency-investing-trading/

Follow the blog on Twitter @InvestingAngles or by subscription:
https://investingangles.com/subscription/

Track Record:
https://investingangles.com/track-record/

One thought on “#ETH = Possible Path 5 = 30.11.2021 $ETH #Ethereum #cryptocurrency #crypto #HODL

  1. Pingback: Investing Angles

Comments are closed.

%d bloggers like this: