ETH - One more parabolic move before a steep correction?
Looking at this consolidation pattern and the MACD and Stoch RSI compared to previous action on the daily tells me that we could see one more parabolic move up to the next major fib line before a possible big corrective move.
We are already bullish on Stoch RSI and nearing a bullish cross on the MACD which is in line with the price action just before our last BIG move. This consolidation phase could easily turn out to be a bull flag of epic proportions so a move up of equal measure to the previous move would not be improbable.
We are already bullish on Stoch RSI and nearing a bullish cross on the MACD which is in line with the price action just before our last BIG move. This consolidation phase could easily turn out to be a bull flag of epic proportions so a move up of equal measure to the previous move would not be improbable.