ETH from 2022 low

20 May

ETH from 2022 low.

Identifying the corrective structures.

With bear side GZ broken in the ETF hype pump, is this a suckers rally or moon?

14 Haz

Not

Nice ration at the 88.6%, no?
How are those sideways structures looking now?

Micro count is getting very deep and losing the right look for a wave 4,
Bulls need support on the base channel or before overlap invalidation.

16 Tem

Not

Sideways continuation looking like the strongest case now.
Corrective pullbacks are for buying.
I would not like to see a visit to the range low again for the bull case.

16 Tem

Not

Ultimately, a challenge to 2021 highs is on the cards