EthereumShort
ETH/USD More Downside?
ETH/USD went 3 waves down from $4350 to $1800 and then entered in a horizontal phase which I think is wave 4 before continuing with wave 5 for more downside. Also, since ETH/USD looks like it has finished 5 waves (ABCDE) inside this triangular formation (wave 4), the price may breakout to the downside to retest the $1800 level as our first target.
Breaking this area ($1720-$1800) will be very dangerous for ETH and may open more room for more downside to possibly retest $1000 or even less.
Breaking this area ($1720-$1800) will be very dangerous for ETH and may open more room for more downside to possibly retest $1000 or even less.
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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.