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fximperija
Jun 12, 2017 5:53 PM

#Ethereum #ETHUSD #ElliottWave sequence Long

BITFINEX:ETHUSD1D
Ethereum / DollarBitfinex

Description

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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.
Elliott Waveelliottwaveprojection
Comments
JamesG777
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How did you decide where IV would find resistance? Combined fib and elliot wave?
fximperija
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@gobynarth, You mean support? Well 38.2% is the most common pullback on EWIV and pretty much the same as on EWII.
JamesG777
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@fximperija, Thanks.... looks like its panning out!
hiddengemsind
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As per elliot, wave 3 should be the longest. please clarify
fximperija
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@hiddengemsind, Yes it should if the EW1 is not extended which this wave1 is.
fximperija
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@fximperija, btw, the EWIII is the longest one. Watch price difference not time difference!
hiddengemsind
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@fximperija, cool thanks
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