This Elliott Wave count is clear and simple, it's a large corrective Zigzag pattern (5-3-5) which is likely that it's already complete due to the large monthly candle of Nov 2024 and the break of previous market structure highs and channel.
This setup also lines up with my other idea that we're now entering the dawn of Alt Season due to the Elliott Wave count for ETH/BTC found here:
There are multiple targets for this setup as it's difficult to give one precise target, it will depend on the sentiment and scale of the upcoming Alt Season, if we're in a mega bull run, $3.5 - $3.6 is an easy target.
Let me know what you think.
Good luck!
This setup also lines up with my other idea that we're now entering the dawn of Alt Season due to the Elliott Wave count for ETH/BTC found here:
There are multiple targets for this setup as it's difficult to give one precise target, it will depend on the sentiment and scale of the upcoming Alt Season, if we're in a mega bull run, $3.5 - $3.6 is an easy target.
Let me know what you think.
Good luck!
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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.