Ethereum momentum reignites after having investors on edge for a while in the 1100's. Both Kovach Momentum Indicators are positive, which tells us we're a-go for more gains. However, we are testing the upper bound of the KRI, which means that a pullback could be close, so consider taking some profits.
We have made new highs yet again, so it looks like the 1100's were all we got for a corrective phase of the Elliott Wave. We are likely in the first segment of the next impulse wave, so prepare for some retracement as we enter the second one.
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We have made new highs yet again, so it looks like the 1100's were all we got for a corrective phase of the Elliott Wave. We are likely in the first segment of the next impulse wave, so prepare for some retracement as we enter the second one.
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!
For daily commentary on cryptocurrencies, subscribe to our newsletter!
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