ETH Waves 1 H Time frame :
1st wave : $2493-$2757
2nd wave: Sharp Zig-zag correction nearly Fibonacci 61.8%(0-1)
3rd wave: 161.8% of 1st wave
4th wave: As per the alternation rule of correction, 2nd wave was sharp and deep so 4th wave may shallow and complex correction.
triangle correction is expected.
23.6%(3rd wave ) @ $2891
38.2% (3rd wave ) @ $2831
So 4th wave may complete near $2891 or $2831 or in-between as triangle complex correction.
5th wave :
If 5th wave is normal : Target $3100
If 5th wave is extended then we may see $3340
#etherium
#eth
#elliottwave
1st wave : $2493-$2757
2nd wave: Sharp Zig-zag correction nearly Fibonacci 61.8%(0-1)
3rd wave: 161.8% of 1st wave
4th wave: As per the alternation rule of correction, 2nd wave was sharp and deep so 4th wave may shallow and complex correction.
triangle correction is expected.
23.6%(3rd wave ) @ $2891
38.2% (3rd wave ) @ $2831
So 4th wave may complete near $2891 or $2831 or in-between as triangle complex correction.
5th wave :
If 5th wave is normal : Target $3100
If 5th wave is extended then we may see $3340
#etherium
#eth
#elliottwave
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.