I might be wrong about this, but I think ETHUSD will turn around either today or tomorrow: The crossing point between Gann Fan, The inner arc, Fib level 0.618 gives us exactly the same.
Those same theories might also give us a clue where the 5.wave will appear...
Those same theories might also give us a clue where the 5.wave will appear...
Note
A close up of the 4.wave:Note
Another close up. It looks like the inner arc was strong enough to kick it down.Trade active
I think the turning point is still a bit early in a longer perspective. Especially such a big fall as we have seen this day - It's too dramatic. The buyers will probably win and a bull trap will appear (The local D. wave). I have drawed a curved line which I think is the most likely scenario the next days. It will be a turbulent ride befor it will descend slowely. It's just a clear guess! :D
Trade active
Half away from the last wave before turning down. I've added a global Gann Square which gives a new arc in the same area. Maybe this is the next turning point? Trade active
After some sideway moves I think we are about to reach the turning point: Trade closed: target reached
The inner arc is crossed. Next resistance is tje global Gann line (blue diagonal line)Note
Target still active**Trade active
I think the rally is over now:D It bounced at the outer arc from the Gann Square:
Order cancelled
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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.