Is the Ethereum correction finished ?
Hello friends !!!
The price and the indicators seem to tell us that the correction of the previous upward trend is over.
This is a not very pronounced and simple correction. We can identify that the correction may have ended because:
The price has stopped at the fibonacci average of 61.8% for several sessions, without closing the price below the average.
The Konkorde indicator tells us that strong hands with long have just entered and weak hands with long as well.
The short has ended, although the long has not been defined either, with which we must be cautious
The Konkorde indicator also begins to show us that the is turning upward, once it crosses the average and with confirmation of the long we would have a potential entry as the main short objective the fibonacci 61.8% of the correction.
I hope you had a good trading