Buying Opportunity in ETH??

16 באפר׳ 2021

Ethereum has rejected $2550 and has sharply retraced. This should be considered a buying opportunity, but we have broken support at $2400 already. There is quite a vast vacuum zone down to $2232, and the vacuum zone created by Ethereum's rally has not really left us much support in between. If current levels do not hold, we could see further retracement to this support level. Nevertheless we appear to be in a corrective Elliott Wave segment, and once we find support, we should see another wave of buying. The Kovach OBV has dipped but it is nowhere near bearish yet.