Hello, Skyrexians!
Recently we have already made the analysis that
ETHUSDT is printing the wave C inside the global wave 2 in this bull run. Today we will consider the wave C in details. As you know it shall consists of 5 waves and currently we can see the clear picture that dump can be over or almost over.
Let's take a look at 12 hours time frame. We can see that each Elliott Wave has reached the normal target. Wave 2 finished at 0.61 Fibonacci. The wave 3 reached exactly 1.61 level. Wave 4 finished inside the 0.5 zone. It gives us confidence that wave 5 will be the same length as the wave 1 and will be finished approximately at $1900. We have already almost seen this price. Moreover, price formed the green dot on Bullish/Bearish Reversal Bar Indicator [Skyrexio] and the divergence with AO. So, this trend could be over already or be very exhausted. The next move is the global wave 3. Target is unchanged: $7k realistic, $10k optimistic.
Best regards,
Skyrexio Team
___________________________________________________________
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Recently we have already made the analysis that
ETHUSDT is printing the wave C inside the global wave 2 in this bull run. Today we will consider the wave C in details. As you know it shall consists of 5 waves and currently we can see the clear picture that dump can be over or almost over.Let's take a look at 12 hours time frame. We can see that each Elliott Wave has reached the normal target. Wave 2 finished at 0.61 Fibonacci. The wave 3 reached exactly 1.61 level. Wave 4 finished inside the 0.5 zone. It gives us confidence that wave 5 will be the same length as the wave 1 and will be finished approximately at $1900. We have already almost seen this price. Moreover, price formed the green dot on Bullish/Bearish Reversal Bar Indicator [Skyrexio] and the divergence with AO. So, this trend could be over already or be very exhausted. The next move is the global wave 3. Target is unchanged: $7k realistic, $10k optimistic.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
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Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.