EthereumLong
$ETH 👀 – 07/29/2022 | Ethereum Price Action Update 🎯 - 📸 🚨
ETH 👀 – 07/29/2022 | Ethereum Price Action Update 🎯 - 📸 🚨 📌 #Price has finally closed below 0.236 (or 23.6%), $1,689.24 price level. Therefore, we can likely consider Wave i (in blue) complete (unless it validates the correction by breaking the high above $1,792.19). Wave 1 is always the hardest to forecast anticipated completion zone.
📌 Like I previously mentioned, the #ElliottWave model is purely #subjective and needs to be consistently revised as price action continues to develop. This shouldn’t come as a surprise though; there’s no method of conducting technical analysis that doesn’t involve revision, editing, and trail and error.
📌 Of the ABC #Correction, both waves A and B have been completed (in red). Thus, we are currently working on wave C; which should be comprised of another downward impulse of 5 waves.
📌 My goal is to #buy the market after 3 swings down in the #Minuette degree (in red; (a), (b), & (c). In previous posts, I mentioned that the buy zone is located directly under #liquidity and in the #fibonnacci #goldenzone.
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⚠️ This is not investment or financial advice; Anytime you enter the #markets, you fully accept the #implications at your own risk❗️
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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.