There is two descending TL on my chart, the lowest one with wide dot has been from the top of the top candle, the second dot has been drawn from the close of that same candle.
Etherum PA is about to be either rejected or break through that second one.
So far Etherum has been trapped within a narrow chanel, wave iii has been very disappointing and only met 0.618 of i
I'm expecting v to be very sharp and brief.
Yet it has a clear read on macd (or the WT indicator i use), there is a clear of 5 subwaves being through on H4. Also on william the bottom of ii and iv are clear. And achieve consecutively a higher low, so we have now have a slight bullish divergence. Also it hasn't broke through the median since wave C bottom which is an other bullish sign.
Lastly there is some buy signal on the PPO which has almost turned green.
There has been a pretty significant consolidation nevertheless at the moment i'm not quiet certain wave iv is fully finished, and a last touch down to 915 would be a great entry.
The pink target is my original target, it's also right above the 1.618 extension of wave i.
The green one would be valid if PA break through the channel
Both of them are located under the main resistance in red dot at 1207.
Etherum PA is about to be either rejected or break through that second one.
So far Etherum has been trapped within a narrow chanel, wave iii has been very disappointing and only met 0.618 of i
I'm expecting v to be very sharp and brief.
Yet it has a clear read on macd (or the WT indicator i use), there is a clear of 5 subwaves being through on H4. Also on william the bottom of ii and iv are clear. And achieve consecutively a higher low, so we have now have a slight bullish divergence. Also it hasn't broke through the median since wave C bottom which is an other bullish sign.
Lastly there is some buy signal on the PPO which has almost turned green.
There has been a pretty significant consolidation nevertheless at the moment i'm not quiet certain wave iv is fully finished, and a last touch down to 915 would be a great entry.
The pink target is my original target, it's also right above the 1.618 extension of wave i.
The green one would be valid if PA break through the channel
Both of them are located under the main resistance in red dot at 1207.