Ethereum is following Bitcoin on its way to endless 3s structures, so we are tracking either a triangle 4th wave before a last move down or a flat B wave followed by a last impulse before further decline.
Short term bias: Bullish [Potential alt season]
Long term bias : Bearish [Still missing a final push lower]
Ok, the text doesn't show up, for what ever reason, those are the dominant paths for November. There is a squeeze coming up so expect volatility to spike within this week.
Short term bias: Bullish [Potential alt season]
Long term bias : Bearish [Still missing a final push lower]
Ok, the text doesn't show up, for what ever reason, those are the dominant paths for November. There is a squeeze coming up so expect volatility to spike within this week.
Note
Same targets, low 230s possible with an extension on the 5th wave, like bcash.Note
Its hard to fit a count because of the differences on the exchanges but there is obvious resistance ahead on bfx. Trade closed: target reached
First target on Finex, its still trending on 5h but it has some divs popping up.Note
Ethereum may have completed the C-wave of the triangle. There is still a chance for higher prices since we allow only for one complex wave within the triangle and thats often on the waves C or D.Trade closed manually
Closing the trade. Charts are different again, so look for a bounce at high 190s on ETH for the E wave bounce.
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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.
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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.