Ouroboro

Ouroboro

Looking at the weekly chart ETH is clearly in a downtrend. Everything between 3580's and 880 is noise. Smaller timeframe analysis incoming. ETH Must (first) break over 3580's THEN (second) not drop below 880 for any kind of long-term reversal to be official. Super wide range I know but it is what it is.

Ouroboro

LETS SEEE

Ouroboro

Not sure yet where it's going

Ouroboro

Using Elliot Waves I updated this count and fib projections for Binance Markets. that 6k support will be super interesting. Lets see if this plays out. Note: I'm very new to EWT so all this might be horribly done..

Ouroboro

If I'm counting these right and useing fib retracement right, i'm seeing wave 5 dip into the $3800 ish mark? Someone show me where im off.

Ouroboro

Borrowed heavily from @cryptochoe. Follow that guy if you havent already.

Ouroboro

Not really sure what VENETH is doing but creating some S&R lines that vary in a subjective "strength" judgement. Dashed lines are weakest confidence but enough to register as a level. I'll be watching price action around them. Solid, thicker lines are stronger confidence levels.

Ouroboro Updated 

Some support levels based on 1hr charts