ETHBTC Has A TextBook Bullish Pattern, as we see an ongoing five-wave bullish impulse by Elliott Wave model
ETHBTC pair is slowed down after a massive extension higher into wave 3, and it's right now testing important 0.035 - 0.034 support zone within an abc correction for wave 4. It's also trading at an important 38,2% Fibonacci retracement and base channel upper line, which can act as a strong support. So soon watch out for a bullish continuation within wave 5, especially if we see a rebound and recovery back above channel resistance line near 0.038 level. Bullish confirmation is above 0.041 level, while the invalidation level is at 0.026.
ETHBTC pair is slowed down after a massive extension higher into wave 3, and it's right now testing important 0.035 - 0.034 support zone within an abc correction for wave 4. It's also trading at an important 38,2% Fibonacci retracement and base channel upper line, which can act as a strong support. So soon watch out for a bullish continuation within wave 5, especially if we see a rebound and recovery back above channel resistance line near 0.038 level. Bullish confirmation is above 0.041 level, while the invalidation level is at 0.026.
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Get the full Elliott Wave count at WaveTraders, €20 first month >> @ wavetraders.com/
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
Newsletter
👉 bit.ly/3FVPVzO
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
Newsletter
👉 bit.ly/3FVPVzO
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.