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Panic Sell Is Over! Ethereum ETH Will Reach $6000!Hello, Skyrexians! Last couple of days were difficult for all crypto bulls. While Bitcoin suddenly dropped to GETTEX:92K altcoins bleed much more because of BTC Dominance pump. The main altcoin BINANCE:ETHUSDT lost more than 20% and caused a huge panic. Yesterday's candle closed promising, but if this nightmare is over or our portfolios continue melting in the upcoming days? Let's take a look at the daily time frame. Here we can see the clear Elliott wave structure. Large wave 1 has been finished with the red dot at the top and after that we have seen this dump in the wave 2. You can tell me that wave 2 is the very ugly, but this is the specific shape of irregular ABC. This drop has been stopped exactly at 0.5 Fibonacci. Moreover we have seen the green dot on Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . For me it's very strong confirmation that correction is over and wave 3 is about to happen. Wave 3 has the target at 1.61 Fibonacci level equals $6200. See you there! Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
2
ETH/USDT - Recovery Scenario - 22.12.21Hello Traders! ETH continues to move in an uptrend. The price has corrected into the $3700 - $3970 buy zone and tested the MA100 on the daily timeframe. There was a new announcement this week about ETH 2.0 launching soon and support for Arbitrum's layer-2 solution, which will increase network speed and significantly reduce transaction costs. During the market correction, some of the big players were actively buying ETH. The reason for that is the switch from Proof of Work protocol to Proof of Stake with the launch of ETH 2.0. In order to become a validator of the network, you will have to buy and hold ETH, instead of the old video card mining. All of these updates will serve as a strong foundation to support the price along with major fund buys. We can start to accumulate a medium-term position between $3800 and $4100, and increase purchases after the price moves beyond the $4372 resistance level We should close the position on a stop-loss after the price leaves under the support level of $3325 The profit taking targets will be the Fibonacci levels $4664 $5195 $5726 $6258 Part of the position can be held in expectation of new levels of $8000 and $10000 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
COINBASE:ETHUSDLong
by UnknownUnicorn10064030
ETH/BTC - 100%! Congratulations to everyone!On April 21, I told you about this pair. Now the price has gone up 100%. Write in the comments or u bought it? And write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
9