Hi everyone, we are watching 😕dull😕 days these days, especially for people that hold their Coins.
I have to say, these days, most of the coins are on Corrective Structure, but I am trying to show u at least the Resistances and Supports that exist in front of coins.
Location: ETH finished Main wave 3 at 4370$ (We saw a great rally on this wave), then it started the Main wave 4. ETH is running on Main wave 4 (Zig zag 5-3-5) for about 41 days, and I think that Main wave 4 will take more time from us.
The microwave A has finished at 1866$ (impulsive== 5 waves).
We passed from microwave B by Contracting Triangle. The end of microwave B was at 2847$.
Now, we have to find the end of microwave C of Main Wave 4. I was able to find microwaves 1 & 2 of microwave C, and I think that we are on microwave 3 of microwave C of MainWave 4, right now.
Also, I have to say that Microwave C can NOT go down less than 1406$ == Elliott's rules will be violated (Wave 4 and Wave 1 can not have overlap).
The Microwave C can be finish like a leading expanding diagonal. In addition, probably microwave 4 of microwave C will Time correction (because microwave 2 of microwave C did price correction== This is not rule).
I tried to show you our Resistance Zones & Suppor Zones that we have in front of Ethereum.
Resistance zones on Ethereum's way:
Resistance zone 1: 2650$ until 2608$ (Resistance + Cluster of Fibs) == Light Resistance
Resistance zone 2 : 2935$ until 2822$ (Monthly Pivot Point + Cluster of Fibs + Resistance +Contracting Triangle's Target) == Heavy Resistance
Support zones on Ethereum's way:
Support zone 1 : 2260$ until 2237$ (Support + Cluster of Fibs) == Light Support
Support zone 2 : 2081$ until 2074$ (Support + Yearly Resistance 4) == Medium Support
Support zone 3 : 1900$ until 1865$ (Support + Cluster of Fibs) == Medium Support
Support zone 4 : 1640$ until 1590$ (Support + Cluster of Fibs + Yearly Resistance 3) == Heavy Support
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Good luck
I have to say, these days, most of the coins are on Corrective Structure, but I am trying to show u at least the Resistances and Supports that exist in front of coins.
Location: ETH finished Main wave 3 at 4370$ (We saw a great rally on this wave), then it started the Main wave 4. ETH is running on Main wave 4 (Zig zag 5-3-5) for about 41 days, and I think that Main wave 4 will take more time from us.
The microwave A has finished at 1866$ (impulsive== 5 waves).
We passed from microwave B by Contracting Triangle. The end of microwave B was at 2847$.
Now, we have to find the end of microwave C of Main Wave 4. I was able to find microwaves 1 & 2 of microwave C, and I think that we are on microwave 3 of microwave C of MainWave 4, right now.
Also, I have to say that Microwave C can NOT go down less than 1406$ == Elliott's rules will be violated (Wave 4 and Wave 1 can not have overlap).
The Microwave C can be finish like a leading expanding diagonal. In addition, probably microwave 4 of microwave C will Time correction (because microwave 2 of microwave C did price correction== This is not rule).
I tried to show you our Resistance Zones & Suppor Zones that we have in front of Ethereum.
Resistance zones on Ethereum's way:
Resistance zone 1: 2650$ until 2608$ (Resistance + Cluster of Fibs) == Light Resistance
Resistance zone 2 : 2935$ until 2822$ (Monthly Pivot Point + Cluster of Fibs + Resistance +Contracting Triangle's Target) == Heavy Resistance
Support zones on Ethereum's way:
Support zone 1 : 2260$ until 2237$ (Support + Cluster of Fibs) == Light Support
Support zone 2 : 2081$ until 2074$ (Support + Yearly Resistance 4) == Medium Support
Support zone 3 : 1900$ until 1865$ (Support + Cluster of Fibs) == Medium Support
Support zone 4 : 1640$ until 1590$ (Support + Cluster of Fibs + Yearly Resistance 3) == Heavy Support
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Good luck
Note
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🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
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.