Alikze »» ETH | Rising wave
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In the weekly time, it is moving in an ascending channel, which after a complex correction and higher floors has formed a runner zone, which can now complete an ascending wave in the specified area, which is the supply area. Therefore,
🔰 in the first scenario, I expect a correction with the support of the $2,500 area after touching the zone, which can appear more in the form of price, considering that the recent correction was a running zone, and then enter the upward phase.
🔰But the second scenario can break this wave of the region and continue the upward path after the pullback.
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🔰 in the first scenario, I expect a correction with the support of the $2,500 area after touching the zone, which can appear more in the form of price, considering that the recent correction was a running zone, and then enter the upward phase.
🔰But the second scenario can break this wave of the region and continue the upward path after the pullback.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Sincerely.❤️
Note
According to the first scenario, after not being able to break through the supply zone, it has entered the correction phase, which is moving to the green support box zone, which can continue the upward trend to the next zone by touching the bottom of the channel and confirming the return. Note
According to the movement path, after not being able to cross the supply zone, it has faced a correction, which is at the limit of $2785 with several times of reaction and support, with the failure of the supply zone and the descending channel. Note
According to the route, after a 40 % amendment to the area has been specified and demand has now grown by more than 41 % to the supply area. Therefore, there is a possibility of a reaction to see the area's failure to continue the route. Note
Ethereum is in the decision zone. With the failure of the current area, it can touch the blue bar and the bottom of the channel again. It can have a target of 2500. If it meets demand, it can move up to 3440 for a short time. Note
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