ETH broke out of an ascending triangle and the wave count appears to be similar to BCH. Our next immediate target appears to be the 300 Day MA ($220+)
Elliott Waves:
We are in the 3rd overall wave out of which the 5 sub-waves (blue) are playing out now. the 3rd sub-wave is done and I believe some correction is due till 175-165. I expect the support to hold at 165 which is also 0.382 Fib level
We going below wave 1 will invalidate this bullish scenario
Elliott Waves:
We are in the 3rd overall wave out of which the 5 sub-waves (blue) are playing out now. the 3rd sub-wave is done and I believe some correction is due till 175-165. I expect the support to hold at 165 which is also 0.382 Fib level
We going below wave 1 will invalidate this bullish scenario
Comment:
Price took support 3 times at out first level of support (green arrows). 5th wave confirmation once we cross $189
Comment:
As mentioned, we did not cross $189 and instead fell back to the original support at 0.382 Fib that we expected initially. Lets hope this holds