There has not been much movement on the ALT coins - even for Ethereum. It has been consolidating.
Looking at ETHBTC, multiple indicators points to oversold. Price could breakdown, but I have added more ETH to my core position as I am holding for Medium to Long term. If it breaksdown, I'll add more to my core position. However, I am leaning towers a strong upward trend Wave 3 based on EW. With Devcon3 happening, anything can happen and news can through off any TA.
Looking at the big picture, it appears we are reaching a critical support. Watch this space!
Looking at ETHBTC, multiple indicators points to oversold. Price could breakdown, but I have added more ETH to my core position as I am holding for Medium to Long term. If it breaksdown, I'll add more to my core position. However, I am leaning towers a strong upward trend Wave 3 based on EW. With Devcon3 happening, anything can happen and news can through off any TA.
Looking at the big picture, it appears we are reaching a critical support. Watch this space!
Comment:
As analysed...short term target of $345.
Trade closed: target reached