ETHUSD: More Downside Likely - ABC correction

Hello All.

ETHUSD had a nice pullback off its highs.

It has currently held the $1000 mark.

As we can see, we have rejection on 50, 100, 200 MA.

Bearish Pennant is evident.

We are on B wave of ABC as it seems.

If ETH breaks the .702 retracement on the fib, this idea is void and the market will go for highs.

If ETH breaks 1030, (.5 retracement) I will be in shorts with a target of $820

Thank you!

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Comment:

Hello, this trade played out very small. Heres new look-