Here we have a possible Elliott Wave count on the 4h chart where ETH is currently in the C wave of an ongoing ABC correction. ETH going above the swing high from wave 5 (830 level) or the even 725 level might confirm the end of the correction and the start of a new impulse wave.
Fib extension levels of wave A are shown by the dark orange levels. Fib retracement levels of the green impulse wave are shown on the right.
Both the fib arcs and fib spiral are taken from the low to the high of the impulse wave. The scale has been locked at a ratio of 2.
Please note that the positions of the uncompleted waves are arbitrary and should not be taken as price targets.
Fib extension levels of wave A are shown by the dark orange levels. Fib retracement levels of the green impulse wave are shown on the right.
Both the fib arcs and fib spiral are taken from the low to the high of the impulse wave. The scale has been locked at a ratio of 2.
Please note that the positions of the uncompleted waves are arbitrary and should not be taken as price targets.
Keep in mind going below the 360 level (100% retracement) will invalidate the impulse wave.