Now Bad! - Soon Better?
ETHUSD just broke trough a very very strong support; $285. So, we all know what happen with past supports, right? They become resistance, right? After the swing (+-$130) from all time high (+-$420), ETH did a 12345 Elliot wave. According to him after that set up the next is an ABC correction set up. So, thanks to the lord we are doing that. Hopefully the bottom is getting closer and Metropolis is coming anyways.
In the big picture I thing this ABC is the sub-Wave 2 of a Massive wave 3. That wave 3 will push ETH to at least 650 to 700 even more...
Loyally,
GUS
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.