ETH found support at the 61.8% retracement of the previous uptrend.
The previous uptrend can be counted as an impulse wave. This suggests that ETH may continue to motor higher above .046 possibly to .06.
Performing some simple math...IF BTC holds at 60k, then .06 ETH/BTC rate implies $3,600 ETHUSD.
With crypto solidly in an uptrend, this pattern suggests outperformance by ETH moving forward.
The previous uptrend can be counted as an impulse wave. This suggests that ETH may continue to motor higher above .046 possibly to .06.
Performing some simple math...IF BTC holds at 60k, then .06 ETH/BTC rate implies $3,600 ETHUSD.
With crypto solidly in an uptrend, this pattern suggests outperformance by ETH moving forward.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Test your Elliott Wave readiness.
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Free assessment + bonus training videos customized to your score:
qwiz.seethewaves.com/ewreadiness/p/tv1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.