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Correctivestructure

ETH head & shoulders (correction wave)#ETHUSD $ETH broke down the parallel channel and hit 2 targets of my last analysis. there are 2 scenarios that shows dump of ETH will continue to around $2500. 1. the head and shoulders pattern, that broken from the neck line, so price will fall more as the measure of the head height, which is around $2500. 2. the fibonacci levels of swing high, shows the correction wave can continue to 0.618 level , which is the same as a support zone, and it is around $2500.
INDEX:ETHUSDShort
by parissap
5
Elliott Wave Analysis: Crypto Market Is Looking For Another DropHello traders and investors! Crypto market made sharp and impulsive decline from the highs after a completed 5th wave as we have been warning about in the last couple of months. So, we ideally see it as part of the first leg "a"/"i", which means that current rally should be as part of an (a)-(b)-(c) correction in wave "b"/"ii" that can find the resistance here around 61,8% - 78,6% Fibonacci retracement and from where we can expect a continuation lower within wave "c" or maybe even wave "iii". Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CRYPTOCAP:TOTALShort
by ew-forecast
4
Bitcoin Analyze_Road Map🗺️(Update)!!!Hi, We saw an amazing dump yesterday, I expected this movement from before, and finally, it happened. what will happen for Bitcoin ? for answering the question, I decided to update the road map that I published on Aug 14 , the topic was '' Bitcoin Analyze (Road Map) !!!🗺️''. Bitcoin Analyze ( BTCUSDT ) Timeframe 8h ⏰ Location 🌊: Bitcoin's Correction has started at around 64200$ . Bitcoin was able to pass the First Main wave of Correction ( Main wave A ) at 28805$ . Wave A had 5 microwaves, so we have to wait for seeing ZigZag (5-3-5) Correction (I am believing that corrective structure hasn't ended). We passed Main wave B by that dump + The price broke our important uptrend line (verification). Now, we are sure about starting Main Wave C (90%). The Main wave C hast to have 5 microwaves that they can run on regular 5 impulsive waves (Scenario 1 ) or even run in ending Diagonal Triangle( Scenario 2 ). If Scenario 1 happens, we can see 3 0000$ - 28800$ until the end of the year (even less). if Scenario 2 happens, we will not see very low prices, (probably around 37600$ ). I tried to show you the end of each microwave, let's see where are end of them? (a little hard to predict for now, but I try my luck 😉) where is the end of microwave 1 of Main Wave C? Taregts🎯: 44400$ until 42850$ where is the end of microwave 2 of Main Wave C? Targets🎯: around 46600$ //around 47800$ // around 48914$ // even around 51540$ ( Low possible ) where is the end of microwave 3 of Main Wave C? Targets🎯: 37600$ until 30800$ where is the end of microwave 4 of Main Wave C? Targets🎯: 37800$ until 34200$ where is the end of microwave 5 of Main Wave C? Targets🎯: 30600$ until 28800$ or even less than these. Note : Over 53000$ my counting waves will fail and probably we are on new 5 impulsive waves for reaching new ATH. ❗️ Sign ❗️: if you remember that when we were at around 36000$ , Bitcoin touched 48168$ on BITCOIN / TETHERUS PERPETUAL FUTURES , and finally price arrived itself to this amount, yesterday we saw the same happens, and Bitcoin dropped down from 52000$ to 42800$ , probably Bitcoin will arrive at 42850$ again👇https://www.tradingview.com/x/0DMkFLmW/ Thanks for reading this post, I hope that is useful for all.🌹🙏 My Suggestion : if you have coins, you have to think about taking profits especially on the end of microwave 2 of Main wave C / if you don't have coins, Don't be FOMO , probably time will give you another chance 👍😉. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
by pejman_zwin
26