ETHUSD Elliott Wave Technical Analysis
Mode: Corrective
Structure: Flat
Position: Wave (c) of (iv)
Direction: Wave (c) of (iv) is still in play
Details: Wave (b) ended around 3878 and now Wave (C) is in play which I expected to be end around 3050-2870 which will be my entry point.
Next Direction: Wave (v) which will complete the next higher Degrees Wave (3)
Target: 2640-2700 with 50% profit
Wave Cancel invalid level: Daily closing below 2717 with 10% loss
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Mode: Corrective
Structure: Flat
Position: Wave (c) of (iv)
Direction: Wave (c) of (iv) is still in play
Details: Wave (b) ended around 3878 and now Wave (C) is in play which I expected to be end around 3050-2870 which will be my entry point.
Next Direction: Wave (v) which will complete the next higher Degrees Wave (3)
Target: 2640-2700 with 50% profit
Wave Cancel invalid level: Daily closing below 2717 with 10% loss
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Note
Alt scenario: we are too close to break the price channel , so keep your eyes on it in the next two days and wait for the confirmation point.I still think that the first scenario is in running, but i put this just in case not.
Trade active
we reached our entry points , but I think the correction is not finished yet, dow you will find the next entry points.Invalidation Point is invalidate my BTC Idea
Note
breaking 3358 meaning that our wave 5 is startingNote
Eth break the daily price channel and it going up to our targetsNote
after the last fall down the price break the base channel, if the weekly candle close outside the base channel, then we will have a small correction up, then going down targeting the area between 2700 - 2500
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.
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.