ETHUSD on the daily chart showed a classic Elliott 5-wave growth directly from the textbooks on technical analysis.
Yesterday's update on the maximum and today's rollback is a serious bid for the reversal pattern "Double top". And as soon as the vertex is found, a large three-wave correction will begin, the classical ultimate goal of it is the point at the very beginning of the last, vertical fifth wave of growth.
That is, for Ethereum - the $ 700 mark.
In addition, that’s -50% of the maximum. According to our observations, this is the most common correction value for cryptocurrencies. (For example, Ripple recently fell from $ 3.5 to $ 1.6)
To sum up all of the above, we recommend selling Ethereum for a buyback in the area of $ 600- $ 800
Aggressive traders can look for a short with the first goal of about $ 1000
The cancellation of the idea and the search for a new vertex is in case the day closes above $ 1500.
Yesterday's update on the maximum and today's rollback is a serious bid for the reversal pattern "Double top". And as soon as the vertex is found, a large three-wave correction will begin, the classical ultimate goal of it is the point at the very beginning of the last, vertical fifth wave of growth.
That is, for Ethereum - the $ 700 mark.
In addition, that’s -50% of the maximum. According to our observations, this is the most common correction value for cryptocurrencies. (For example, Ripple recently fell from $ 3.5 to $ 1.6)
To sum up all of the above, we recommend selling Ethereum for a buyback in the area of $ 600- $ 800
Aggressive traders can look for a short with the first goal of about $ 1000
The cancellation of the idea and the search for a new vertex is in case the day closes above $ 1500.
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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.