$ETH dipped lower over the weekend but managed to stay above its previous low, finding support near the 2.618 extension of wave 1 or A.
Bullish RSI divergence offers some encouragement, but a confirmed reversal is still needed.
As long as the previous low holds, a potential long setup remains in play. A break below that level would invalidate the current setup and call for a fresh assessment.
Stay patient, follow the price action, and take it one step at a time.
#CFTCAdvancesVoluntaryRegCAMFramework
Bullish RSI divergence offers some encouragement, but a confirmed reversal is still needed.
As long as the previous low holds, a potential long setup remains in play. A break below that level would invalidate the current setup and call for a fresh assessment.
Stay patient, follow the price action, and take it one step at a time.
#CFTCAdvancesVoluntaryRegCAMFramework