Eth is now in its C wave of the abc correction. We are looking for a double bottom or a higher low as a sign of continuation of the rally. As after the abc correction a new cycle would start, this can be a very good opportunity. Still we have to keep an eye on btc, because btc as eth is correcting. Buy zone around the possible double bottom zone.
What makes you think it will go to the previous low?
TA_Crypto
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@chargill, I don't say that it will go to the previous low, the possibility of a higher low is much more likely, but a double bottom could occur if btc decides to dive again