Ethereum Classic (ETCUSD) sell off from ~$42.14 on Feb. 20, 2018 to March 18, 2018 (~$14.51) has been identified as a minor wave degree that is not yet complete with Ethereum classic currently in a minor wave 4 position. The possible termination point of minor wave 4 is the vicinity of the fourth wave of the previous degree i.e. minute wave ((iv)) of minor wave 3.
This region coincides with a 38.2% retracement of minor wave 3. The target area for minor wave 4 as shown on the chart between 38.2% and 50% retracement of minor 3 i.e. between $23.57 and $26.37.
Price of ETCUSD holding at the mentioned target area should result in another sell off that should see Ethereum classic at least close at or below $14.51. The arrows as used on the chart are used to indicate the trajectory for the price of ETCUSD.
POI= Point of invalidation for this analysis is placed at $30.14 at which point minor wave 4 would have overlapped more than 61.8% of minor w3.
This region coincides with a 38.2% retracement of minor wave 3. The target area for minor wave 4 as shown on the chart between 38.2% and 50% retracement of minor 3 i.e. between $23.57 and $26.37.
Price of ETCUSD holding at the mentioned target area should result in another sell off that should see Ethereum classic at least close at or below $14.51. The arrows as used on the chart are used to indicate the trajectory for the price of ETCUSD.
POI= Point of invalidation for this analysis is placed at $30.14 at which point minor wave 4 would have overlapped more than 61.8% of minor w3.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.