It looks like we have three big ABC waves on the chart.
Wave B has started from where we placed the red arrow on the chart. Wave B looks like a triangle and now it looks like we are at the end of wave d of B.
After the completion of wave e of D, we can see the rising movements of the big C wave.
The targets are clear on the chart.
Closing a daily candle below...
During the 2nd half of April, CRYPTOCAP:ETHFI buyers or its MMs tried to keep the price above $3.20 - not allowing it to update the lows.
↪️ On the one hand, it looks like a sign of "strength"
↩️ On the other hand, don't be too surprised if the price of $ETH.FI drops sharply to $3.11 or even $2.88 (too many "tasty stops" are hidden below $3.20 and can be...
ETHFI did the usual parabolic trim after reaching a peak of 8.0 +, then went on a good correction following the market's downtrend.
Today, based on recent long term data metrics, ETHFI is exhibiting a 'shifting' behavior. We maybe seeing a short squeeze soon (strong UPSIDE move) being developed around the current range.
Price is already at the heatzone /...
If #ethfi breaks and then succesfully retests this bear channel, a pump will be expected. But, it's not a strategy for impatients :) Not financial advice.
After retracing from ATH's technicals are starting to point up. There is also very very low volatility right now, meaning volatility has contracted measurably. This could be the sign we are looking for along with a break of this DTL and we will be off to the races. Happy Hunting.
As always- This is not financial advice.
