The rocky road to $500 for Ethereum
I saw yesterday a flag on a downpole... a very large fractal on ETH.
Today I wake to see it breaking, but like the construct of the large downpole the retrace is breaking into another flag on a downpole. I expect this to complete through the Elliot wave correction I drew on the smaller flag in progress. That flag is going to face strong resistance and fail to break the bottom of the cloud due to low RSI, low volume. Since reaching the bottom of the Elliot wave and completing the downflag pattern causes a break through the final parabolic fib retracement level, this means eventual 100% retrace should occur.
I threw in a fan to give an idea of how it might track into a new channel. But it's going back into that channel. I pointed to this activity yesterday in a recorded youtube video. Cannot link here because that violates terms with trading view :/
Don't hate me, I am just a furry faced asshole on the internet.
Today I wake to see it breaking, but like the construct of the large downpole the retrace is breaking into another flag on a downpole. I expect this to complete through the Elliot wave correction I drew on the smaller flag in progress. That flag is going to face strong resistance and fail to break the bottom of the cloud due to low RSI, low volume. Since reaching the bottom of the Elliot wave and completing the downflag pattern causes a break through the final parabolic fib retracement level, this means eventual 100% retrace should occur.
I threw in a fan to give an idea of how it might track into a new channel. But it's going back into that channel. I pointed to this activity yesterday in a recorded youtube video. Cannot link here because that violates terms with trading view :/
Don't hate me, I am just a furry faced asshole on the internet.
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