So I looked at ETH both from an apocalyptic and an optimistic perspective.
The first one implies counting a 12345 Eliott Wave since ATH. It leads to -$733 if Wave 5 has at least a 1:0.618% ratio with Wave 1.
Discarded. Why would ETH just dissapear? If it does so do many more other things, at least that´s my take.
Now, what if we are more on the optimistic side?
We could easily count an Eliott ABC Wave since ATH.
B to A ratio matches a perfect and round 0.5% Fibonacci
Then C to A ratio is none other but a perfect, round 1:1
So this leads me more towards this TA:
Ethereum´s correction is over, it did the major ABC which in its turn is a greater Wave 2.
We are in the begginings of an impulse. Also in an ABC, only that this one is the nano scale.
We did a 12345 which created nano Wave 1. And now we are in the last leg of a C in the ABC that forms the nano Wave 2.
Targets:
Between $1189 and 1121.88
Best!
The first one implies counting a 12345 Eliott Wave since ATH. It leads to -$733 if Wave 5 has at least a 1:0.618% ratio with Wave 1.
Discarded. Why would ETH just dissapear? If it does so do many more other things, at least that´s my take.
Now, what if we are more on the optimistic side?
We could easily count an Eliott ABC Wave since ATH.
B to A ratio matches a perfect and round 0.5% Fibonacci
Then C to A ratio is none other but a perfect, round 1:1
So this leads me more towards this TA:
Ethereum´s correction is over, it did the major ABC which in its turn is a greater Wave 2.
We are in the begginings of an impulse. Also in an ABC, only that this one is the nano scale.
We did a 12345 which created nano Wave 1. And now we are in the last leg of a C in the ABC that forms the nano Wave 2.
Targets:
Between $1189 and 1121.88
Best!
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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.