More Weakness Lies Ahead For Ethereum and Bitcoin
Gregor Horvat | Sep 28, 2021 07:56AM ET
BTC/USD is still in an intraday consolidation which more and more looks like a corrective movement. Traders should be aware of a break into new lows, either for wave 3 of an impulse, ideally as part of a leading diagonal pattern, but only if it stays below the $49,000 level.h2 Bitcoin 1 hour Elliott Wave Analysis/h2
Meanwhile, for ETH/USD, the sideways price action looks to be a correction that can send the price even lower. It could either head towards wave 3 of an impulse as part of the final leg of a leading diagonal pattern. But, only while it's below channel resistance line and at the $3700 level.
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