Hello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start.
Today I want talk with you about ETH and what will happen soon in my opinion.
As you can see on a chart price already made 1st wave upward which was for 135% grow.
After we saw a correction wave 2nd which was 35% decrease.
Then was 3rd wave up which was on 55% less and was 80% upward.
Now we trades in 4th correction wave which in my opinion can decrease for 25% on 10 percents less compare with 2nd wave and reach level around 3650 USD.
After this I expect next upward movement as 5th wave up which can be on 10-15% less compare with 3td wave.
5th wave can be around 65-70% from end of 4th wave 3650 USD and reach price levels around 6000-6200 USD.
Ultimately our target for 5th wave can be around level of 6.000 USD.
I'm still think btc and eth will continue to grow and soon we will see it.
This is my opinion, I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !
You’re wrong, your opinion is based on a simple trend line without considering EMA’s, if we drop below this trend line we’re just going to retest other support levels and Im talking about BTC. Nobody cares if ETH drops below this trend line whiles BTC pumping. Do some research, you don’t know what you’re talking about, no hard feelings tho.
Nice Chart. Agree. But must fall below support level 3991 (August weekly high) before going to end of 4th wave 3650. Great buying opportunity in range 3750-3650!! Thank you for sharing.