Abcpattern
SPX500USD ABC BULLISH PATTERN SPX500USD has formed an ABC bullish pattern on its hourly chart.
The price is trading the entry level
4176.9.
ABCs patterns are only valid when the price closes above the entry level with a progressive uptrend.
💼EL 4176.9
⚠️SL 4156.1
🎯TP1 4283.6 61.8% ABC
🎯TP2 4316.3 78.6% ABC
🎯
LINKUSDTLINKUSDT appears to be at the bottom of the ABC correction wave. The price is now in the important Fibonacci price areas as well as at the bottom of the channel. If this analysis is correct, the price should climb at least 1.27% of the Fibonacci price of the ABC correction wave. That means up to about $ 80.
BTCUSDTAnother BITCOIN counting wave could be this way. The price is probably at the end of the "abc" correction wave. The pattern, price and time indicate the end of the correction wave, and we also see a divergence in the RSI indicator. According to this wave count, I expect wave C or 3, and this wave usually advances at least as much as 100% of the expanded Fibonacci wave 1 or A.
ETH/USD: Elliot Wave Analysis IIIn this 2nd section, I enfocous to talk about in weekly timeframe and to recall. this it's a study of Elliot Wave Analysis to know what happen in the macrotrend.
We forming in this range 2 times of ABC patten. And that point it's consolidation of the market. So, we would need to know if this zone it's distribution that we could to begin the bear market if Ethereum doesn't support above $1,800 USD. At the moment, what I know it's that Ethereum it's leading to the $1,800 USD price, in that weekly demand zone. And more interesting it's that in the RSI we forming a bearish divergence as the buying force it's weakness in this bullish trend.