Ethereum. Are we at the start of a bull rally?
Unlike Bitcoin, which in our opinion has a positive correlation with stock indices, they in turn approach the highs and can be adjusted.
The ETH behaves more rationally and in the near future can show good dynamics in our opinion.
ETHUSD
Why do we think that we are at the origins of a big rally?
1) We see the classic 5-wave structure of the C wave
2) Pulse 1 has a 5 wave structure
3) Classic ABC
And now pay attention to the false breakdown in wave 2 and take a look at the volume. Many buyers have accumulated here and they have been dropped off, a classic pattern. After which the price quietly began to spread up.
4) False breakdown after which wave 3 will probably begin, which is the largest in the 5-wave structure.
The current zone of interest is at 133. Keep an eye on this level closely. With the general correction of stocks, bitcoin, cryptocurrencies, too, will be pulled along with them. This is a zone of accumulation and interest that we can test in the future.
Be careful and keep profit.
The ETH behaves more rationally and in the near future can show good dynamics in our opinion.
ETHUSDWhy do we think that we are at the origins of a big rally?
1) We see the classic 5-wave structure of the C wave
2) Pulse 1 has a 5 wave structure
3) Classic ABC
And now pay attention to the false breakdown in wave 2 and take a look at the volume. Many buyers have accumulated here and they have been dropped off, a classic pattern. After which the price quietly began to spread up.
4) False breakdown after which wave 3 will probably begin, which is the largest in the 5-wave structure.
The current zone of interest is at 133. Keep an eye on this level closely. With the general correction of stocks, bitcoin, cryptocurrencies, too, will be pulled along with them. This is a zone of accumulation and interest that we can test in the future.
Be careful and keep profit.
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