The cryptocurrency market is obviously bearish since beginning of this year. Now it faces two major problem and probably will keep bear for a longer time: 1.overhaul of funds due to oversupply of so many projects but limited increase of investors. 2.regulatory uncertainty from different govs on ETH and other erc-20 tokens which brings the risk to eliminate ETH...
Looks like BTC is forming another rising wedge recently. Let's see how it evolves.. If it losts momentum between 11300-11400, it will probably drop very fast.
The ETH waive circle is about one month behind BTC, and is facing wave C slump ahead. First target would be around 600 USD. Will update once it gets there.
Sell entry at 1276, stop loss at 1292, take profit at 1246.
Buy above 113.6, first profit target 114.99, stop loss at 112.9. *Idea