$ETH #ETHEREUM So it's getting interesting! #AltSeason2020

11 Oca 2020

#ETHBTC is trying to move above the daily 8MA. So it's getting interesting!

I hate it when I have to provide alternative counts (last study) but that's just a part of EW. Either way, we had a truncated 5 which concluded the BEAR Cycle or this is just a subwave from wave 4.

Question is: Was this an ending diagonal? or truncated 5?

The bullish divergence on numerous timeframes signaled that a cycle was complete so here we are, ETH is turning bullish.

First target is obviously R1 followed by the zone between 0.0205 and 0.021 (Box Blue)

There is no reason to become overconfidently bullish when I look at the weekly level. We're still below the 5 and 8 MA. However, the week isn't over yet!

I will update the weekly when we close above those MA's

ETH #ETHEREUM #ETHBTC #CRYPTO

11 Oca 2020

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16 Oca 2020

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UPDATE:

Is this part of a bigger consolidation followed by a new low OR is this the start of a bull wave?

The next few days/hours will be important. Take note of the weekly chart.

Everything goes as planned. Careful when we hit 0.020x, there will be bearish divergence!



#ETHBTC #ETH #ETHEREUM #CRYPTO

18 Oca 2020

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