EthereumLong
ETHUSD Long Opportunity
Hello traders !
We can see a nice rejection of 0.618 fibonacci level and possible double bottom pattern. I expect price to rise to -0.272 fibonacci extension level.
WHY ?
Because based on the Elliot Wave Theory we need the last wave there before A-B-C correction. We are also in a rising trendline channel so we are looking only for buy opportunities. Also AB=CD pattern indicates us that price will (probably) rise to that -0.272 fibonacci level.
Thank you for reading !
We can see a nice rejection of 0.618 fibonacci level and possible double bottom pattern. I expect price to rise to -0.272 fibonacci extension level.
WHY ?
Because based on the Elliot Wave Theory we need the last wave there before A-B-C correction. We are also in a rising trendline channel so we are looking only for buy opportunities. Also AB=CD pattern indicates us that price will (probably) rise to that -0.272 fibonacci level.
Thank you for reading !
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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.