ETH/USDT Elliott Wave count 1H TF
Ethereum into a zig zag fall.
Price broke resitance of the corrective wave blue abc after have beeing rejected at 1789.00 by 0.5 fib retracement of wave A .
Now I think we are into the wave 1 form the wave C impulse that will end zig zag correction. Maybe one more leg down to take this end of wave A at 1420.80 and than it will enter into a corrective move to the upside to form the wave 2. Wait for the correction to enter short for the 3rd wave of this C wave.
I will update this count and i will point the enter on a short position after will see the correction.
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Good luck!
Price broke resitance of the corrective wave blue abc after have beeing rejected at 1789.00 by 0.5 fib retracement of wave A .
Now I think we are into the wave 1 form the wave C impulse that will end zig zag correction. Maybe one more leg down to take this end of wave A at 1420.80 and than it will enter into a corrective move to the upside to form the wave 2. Wait for the correction to enter short for the 3rd wave of this C wave.
I will update this count and i will point the enter on a short position after will see the correction.
If you like my analysis subscribe for future updates and hit the like button.
Good luck!
Comment:
Falling wedge,break out and we enter into the upside correction that may be wave 2
