My call for ETH is a target price of 380 (leg D of Elliot triangle), then bouncing back down from upper trend line completing leg E where it should test support and break out for new highs. We still need a lot more volume to reach D on time for the correction to take place before the end of November. Please: comments are more than welcome!!
Trade active
We are about to reach (D) @376 . If so, and reversal takes place, We could be retesting fibs @340 (and 296 in a month or so if it brakes below that level). I don't think ETH can stretch to reach the previous height of 396 ( point B), but if it does happen I'm confident it will bounce back down from there to the nearest fib support.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.