Downtrend most likely

3 באוג׳ 2020

Massive hidden bearish divergence on RSI.

Potential completion of B wave in ABC correction (zig-zag or double three); might have another small leg up.

Perfect 1:1 extension unlikely so consider 0.618 area.

Target: ~$10,400

3 באוג׳ 2020

הערה

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ETH: 0xa54a772d2d6fD1B1E6d074376DDDE54B2c51c07F

3 באוג׳ 2020

הערה

Possible small leg to $11,500- $11,600

4 באוג׳ 2020

הערה

Downtrend occured as speculated.

Current issue is determining of the wave up is a part of Y or part of X (I believe it's most likely Y).

The red lines highlight the resistance zone with a boxed off target of ~$11,280. Should the resistance hold true, that area might be the pivot.

Anyway, the final target of $10,400 has not changed. We'll see how it plays out.

4 באוג׳ 2020

הערה

Edit: Wrong image pasted above