VincePrince

Ethereum, Major Broadening-Wedge With Upcoming Determinations!

BYBIT:ETHUSD   Ethereum / U.S. Dollar
Hi,

Welcome to this analysis about Ethereum , we are looking at the daily timeframe perspectives. Ethereum in the past times is one of the more volatile cryptocurrencies within the market moving to the up and downside while still maintaining to form new highs in the structure. Besides that as I discovered now Ethereum has developed this main broadening-wedge-formation with this coherent wave-count within and the waves A to D already completed and as Ethereum now tests the lower boundary of the wedge-formation which is still substantial support this is likely to be the origin of the wave E to the upside when Ethereum properly holds this level further, after that the upper Fibonacci-extension will be pointed which is crucial as there is a high likelihood for a pullback to the downside similarly like Ethereum already did it in the wave-count before in the 2.618 Fibonacci-extension. When this happens Ethereum will move on to possibly complete the wedge-formation bearishly to the downside which can happen within the decision-zone nevertheless it is important to elevate how Ethereum develops till then before rushing to final conclusions.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate rather than to speculate."

Information provided is only educational and should not be used to take action in the market.
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