$ETH Price Prediction 11/16/2021
Big drop to continue the daily correction. Price holding well at the given average as we attempt to push back to mid 4k. H4 200EMA currently at average which is a good sign.
Short-term trend cycle officially ended off the breakout below LT so watch for LT as a main resistance zone. If we dip below average I expect support at 3950.
Heavy dips normally occur after an initial correction in a bear market but I still believe we're in a bull market, although perhaps the end. My hopium prediction is that we can force a few weeks of sideways action between the long-term average and UTA. Weekly MACD crossover is on the way and it would be nice to build a buffer beforehand.
Short-term trend cycle officially ended off the breakout below LT so watch for LT as a main resistance zone. If we dip below average I expect support at 3950.
Heavy dips normally occur after an initial correction in a bear market but I still believe we're in a bull market, although perhaps the end. My hopium prediction is that we can force a few weeks of sideways action between the long-term average and UTA. Weekly MACD crossover is on the way and it would be nice to build a buffer beforehand.
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