Ethereum / TetherUSShort
Ethereum (ETHUSDT) | Best point for sell🔥
Hello traders, Ethereum in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on the number of waves we had, the main waves 1 and 2 are certainly over, and in the case of wave 3, I must say that it is complete in our opinion.
And now let's look at wave 4 :
We see wave 4 starting, because wave 3 is in a good position compared to wave 1, and also the price of breaking the orange trend line downwards and has given us confirmation for the start of wave 4.
Structurally, wave 4 will not have much depth compared to wave 2, and in terms of time, it is either too long or too short.
For this reason, we consider the correction of triangle, and from this correction, wave a is being formed, and from wave a, we assume another ascent for wave b and then a descent for wave c.
This descent is confirmed if the red circle is completely broken.
Our view will also be that if the resistance indicated by the warning sign breaks, the movement we intended for wave 4 will not be definitive.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Based on the number of waves we had, the main waves 1 and 2 are certainly over, and in the case of wave 3, I must say that it is complete in our opinion.
And now let's look at wave 4 :
We see wave 4 starting, because wave 3 is in a good position compared to wave 1, and also the price of breaking the orange trend line downwards and has given us confirmation for the start of wave 4.
Structurally, wave 4 will not have much depth compared to wave 2, and in terms of time, it is either too long or too short.
For this reason, we consider the correction of triangle, and from this correction, wave a is being formed, and from wave a, we assume another ascent for wave b and then a descent for wave c.
This descent is confirmed if the red circle is completely broken.
Our view will also be that if the resistance indicated by the warning sign breaks, the movement we intended for wave 4 will not be definitive.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
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