Hello, Skyrexians!
ETHUSDT was a huge underdog last 4 month on the bearish phase, but recently it started to gain power, on the recent dump it has not showed correction.
On the daily chart we can see that price has printed 5 waves Elliott cycle. Wave 3 corresponds to the minimum Awesome oscillator. After that wave 5 has finished this cycle with divergence. The conservative bounce target is $3000 at 0.61 Fibonacci level, but we have one problem here. AO did not crossed zero line at wave 4, so we can be in wave 4 only now, in this case another one lower low will happen. We need to count sub waves every day. Wait for our updates.
Best regards,
Ivan Skyrexio
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ETHUSDT was a huge underdog last 4 month on the bearish phase, but recently it started to gain power, on the recent dump it has not showed correction. On the daily chart we can see that price has printed 5 waves Elliott cycle. Wave 3 corresponds to the minimum Awesome oscillator. After that wave 5 has finished this cycle with divergence. The conservative bounce target is $3000 at 0.61 Fibonacci level, but we have one problem here. AO did not crossed zero line at wave 4, so we can be in wave 4 only now, in this case another one lower low will happen. We need to count sub waves every day. Wait for our updates.
Best regards,
Ivan Skyrexio
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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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.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
İlgili yayınlar
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.