ETHUSDT distribution or consolidation ?

23 ต.ค. 2020

Daily show bounce has reached 0.618. Is this a B wave in ABC correction ?

4H chart on the left suggests bearish div forming on RSI.

1H chart on the right show 5 wave counts.
Dips are bought up on lower volume.
Price is going up on lower volume.

I'm neutral because this could be a potential consolidation and could break up. Small time frames can be confusing. Volume on daily breakout from 400$ show strength.
Short here would be to early and would not be to profitable.