ModTrades

ETH- Insight on the current Ethereum situation

Short
FTX:ETHUSD   Ethereum / U.S. Dollar
Hello traders,

As you can see, today we re on eth, and because it correlate a bit with BTC , you can combine this analysis with my previous one (even though some volatility may differ, with ETH being more volatile)

Anyway, so we can notice a drop, and it might go until 4 different objective :

- 61.8 % at 1762
- 100 % at 1665
- 123% - 127% at 1610/1590, which is a relatively strong one

I will leave your with screenshot of how I made up this analysis with the Fibonacci tools, and go play around with the chart in order to understand how I am reasoning.





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BTW, I made a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private, or in comment if you don't have enough reputation point if you are interested

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Don't hesitate to comment and check my other ideas

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