#Ethereum #ETHUSD #ElliottWave sequence

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
This is a nice pullback on EWIV of 38.2% fib, so the next could be a run into EWV and 450 as 1st target, alternatively into higher completion of EWV at 490 and even 543 before some correction.
How did you decide where IV would find resistance? Combined fib and elliot wave?
fximperija gobynarth
@gobynarth, You mean support? Well 38.2% is the most common pullback on EWIV and pretty much the same as on EWII.
gobynarth fximperija
@fximperija, Thanks.... looks like its panning out!
As per elliot, wave 3 should be the longest. please clarify
fximperija hiddengemsind
@hiddengemsind, Yes it should if the EW1 is not extended which this wave1 is.
fximperija fximperija
@fximperija, btw, the EWIII is the longest one. Watch price difference not time difference!
@fximperija, cool thanks
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