Ethereum medium term analysis
Updated
We have a scenario for Ethereum.
Note that this analysis requires a lot of time
It doesn't matter if we reach the green range like the wave counter on the chart or not, but whenever the price reaches the green range, we will be a buyer.
Ethereum seems to be completing a large bullish triangle, which we are now in wave d.
It is expected to be rejected from the supply range to the damnd range.
On the green range, we are looking for buy/long positions for medium and long term.
Closing a daily candle above the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Note that this analysis requires a lot of time
It doesn't matter if we reach the green range like the wave counter on the chart or not, but whenever the price reaches the green range, we will be a buyer.
Ethereum seems to be completing a large bullish triangle, which we are now in wave d.
It is expected to be rejected from the supply range to the damnd range.
On the green range, we are looking for buy/long positions for medium and long term.
Closing a daily candle above the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
Both the y wave was hit and then the dump happened.The view on Ethereum was absolutely correct
Because the drop has been very sharp, we will update Ethereum's support range in the next analysis
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