For all you Ellioticians, are you seeing the same thing I am seeing out of ETH potentially? I've only begun studying Elliot Wave Theory this year...
Here's what I'm seeing and what I have drawn...
We have a multi year 5 Wave sequence.
Wave 1 took us to the highs of 2018
Wave 2 took us to the lows of March 2020.
We are currently in Wave 3, and inasmuch as Wave 3 can never be the shortest of the 5 waves, we have a LOT more upside to go.
Wave 3 may take us well north of $3,000 before we experience a Wave 4 correction.
ETH traditionally likes to meet the 21 Weekly EMA in bull markets and if my wave counting is correct, that may not happen until well into 2022 when we experience a Wave 4 correction.
If so, that will be the longest ETH will have traded above the 21 Weekly EMA in it's "short history."
I welcome the thoughts of more skilled Ellioticians and welcome any links to other analyses. Thanks!
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.
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.