Ethereum (ETH) - Possible upcoming scenario
Updated
Hey Guys,
This is how I see the evolution of ETH in following Days (But this is CRYPTO so mapybe in next few Hours :) ).
Let´s get to it:
I am receiving simmiliar signals as from BTC and belive in completition of final 5th Elliott Wave around 0.7860 level (4hr chart).
The reason is simple - One to rule them all (BTC) is setting the rules of the game and all my predicitons will always consider possible movement of BTC as first.
I am strongly bearish on BTC and therefore expect the simmiliar scenario for ETH.
Buy Zone potential around 505 - 490 USD.
If You have any comments, or have a different idea, please leave a comment.
We all learn all the time and sharing knowledge is the best way to improve ourselfes.
Thank You for Your time!
Marek
This is how I see the evolution of ETH in following Days (But this is CRYPTO so mapybe in next few Hours :) ).
Let´s get to it:
I am receiving simmiliar signals as from BTC and belive in completition of final 5th Elliott Wave around 0.7860 level (4hr chart).
The reason is simple - One to rule them all (BTC) is setting the rules of the game and all my predicitons will always consider possible movement of BTC as first.
I am strongly bearish on BTC and therefore expect the simmiliar scenario for ETH.
Buy Zone potential around 505 - 490 USD.
If You have any comments, or have a different idea, please leave a comment.
We all learn all the time and sharing knowledge is the best way to improve ourselfes.
Thank You for Your time!
Marek
Note
BTC is the KING right now and even mighty ETHEREUM is under his will. Therefore pay attention to potential small bounce at around 525 USDT (61.80% Fib).If this support will not hold than our buy zone target still remains active - 505 to 490 USD.
Have a nice evening!
Note
ETH completely slaughtered! We´ve broken our huge support around 500 USD and go down. Next stop around 420 to 400 USD.
I would use this for quick trade, long positions are not the good way right now.
Be careful out there!
Jsme profesionální day tradeři, kteří se živí obchodváním, analýzami trhu, makro rozbory a školením.
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