GM! A new week in crypto📢
The market is starting to correct but let's not forget where we started. On this chart for ETH on W, look how little we seem to have dropped!
➜ Some correction targets for ETH taken from daily
1. 4,232 $ - reached
2. 4,013 $ - I think this is next
3. 3,665 $ - harder to reach, here those who wanted to FOMO into ETH at over $4,500 should be careful. Anyone with an average of 2,500 $ or less and enough ETH finds it hard to increase their risk here!
➜ BTC.D it seems altcoins are holding up better vs Bitcoin even though BTC.D has a small rally.
I stick to the targets:
1. It goes to 62.5% and correction
2. It goes to 60.5% and correction
➜ TOTAL 3/ETH
Here it's interesting, we see that altcoins are holding up well vs ETH during this correction and basically taking liquidity from ETH while it drops, this could be a sign that in the coming months there might be a rotation towards altcoins!
LFG!