Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
Elliot Wave Count
Detailed with MAs
I'm watching this Fibonacci levels as my possible entry levels for a position. Since ETH is corrective as of the moment, I have to wait for a bounced and a support to hold those Fibonacci Level and moving averages. Most likely to bounced closer to 0.500 Fibonacci then hold as support at 0.382 before moving up. But in case of a dip retracement, 0.618 is my last support. After the ABC Correction, I think $ 650 is the target.
Detailed
Simple Chart
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Weekly
There is bearish divergence that may possibly pullback the price to EMA 9 or EMA 21. Mostly at EMA 9.
Daily
Bearish Divergence still in effect. after that, a potential bullish divergence. Possibly price to bounced at hold at MA 50 at $ 492 (If it breaks MA 200)
4HR
Bearish Convergence in play. Possibly price to move down to $ 498
1HR
There is a bullish divergence for the price to move up a little. Then after, a selloff.
____
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
Elliot Wave Count
Detailed with MAs
I'm watching this Fibonacci levels as my possible entry levels for a position. Since ETH is corrective as of the moment, I have to wait for a bounced and a support to hold those Fibonacci Level and moving averages. Most likely to bounced closer to 0.500 Fibonacci then hold as support at 0.382 before moving up. But in case of a dip retracement, 0.618 is my last support. After the ABC Correction, I think $ 650 is the target.
Detailed
Simple Chart
-------
Weekly
There is bearish divergence that may possibly pullback the price to EMA 9 or EMA 21. Mostly at EMA 9.
Daily
Bearish Divergence still in effect. after that, a potential bullish divergence. Possibly price to bounced at hold at MA 50 at $ 492 (If it breaks MA 200)
4HR
Bearish Convergence in play. Possibly price to move down to $ 498
1HR
There is a bullish divergence for the price to move up a little. Then after, a selloff.
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
