ETH found support at the 61.8% retracement of the previous uptrend.
The previous uptrend can be counted as an impulse wave. This suggests that ETH may continue to motor higher above .046 possibly to .06.
Performing some simple math...IF BTC holds at 60k, then .06 ETH/BTC rate implies $3,600 ETHUSD.
With crypto solidly in an uptrend, this pattern suggests outperformance by ETH moving forward.
The previous uptrend can be counted as an impulse wave. This suggests that ETH may continue to motor higher above .046 possibly to .06.
Performing some simple math...IF BTC holds at 60k, then .06 ETH/BTC rate implies $3,600 ETHUSD.
With crypto solidly in an uptrend, this pattern suggests outperformance by ETH moving forward.
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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.
Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
Related publications
Disclaimer
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.