That was a very nice pivot off the .5 retrace yesterday for the completion of wave 4 of 3. Looking strong this morning and will likely push to the 2200-2300 level, but by the end of the week I would be looking toward ETH's current level around the 1700 for a wave 4 of 5 completion before pushing above 3k into March.
Note
Note
Beware of the possible ABCDE 4th wave triangle... That roll over from the top looks like a possible bearish move down.
Note
currently in the 5th wave. Looking like a big correction is coming soon
Note
Technical wave 4 correction
Note
Targets for reversal??
Super bullish 3780
More likely 3000
We'll have to see how this current wave structure develops and how long Bitcoin holds before it drops. This reminds me of 2017 when Etherum took off to new all time highs while Bitcoin consolidated before the big drop.
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.
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.