Wave C Progress:
Wave C has already reached 100% of Wave A.
Price is sitting near the 0.618 retracement of the previous 12345 impulse wave.
Subwave Count Inside Wave C:
I have counted Waves 1, 2, 3 inside C.
If this sub-count is correct, a Wave 4 bounce is expected soon in the 4028 – 3978 zone.
Critical Levels
4028 – 3978.18: Expected bounce range (Wave 4 inside C).
3978.18: Key level — breaking it opens the door to deeper downside.
If broken, the next supports are:
3812 (1.272 extension)
3708 (0.786 retracement of entire impulse)
Implications
If 3978 holds, ETH may stage a corrective bounce (Wave 4) before a possible Wave 5 inside C.
If 3978 fails, 3812 and 3708 are the next tipping points where market makers/pattern traders might start accumulating for a new 12345 impulse set.
Watch for a bounce between 4028–3978.
Lose 3978, and 3812/3708 become the big decision zones for the next move.
Wave C has already reached 100% of Wave A.
Price is sitting near the 0.618 retracement of the previous 12345 impulse wave.
Subwave Count Inside Wave C:
I have counted Waves 1, 2, 3 inside C.
If this sub-count is correct, a Wave 4 bounce is expected soon in the 4028 – 3978 zone.
Critical Levels
4028 – 3978.18: Expected bounce range (Wave 4 inside C).
3978.18: Key level — breaking it opens the door to deeper downside.
If broken, the next supports are:
3812 (1.272 extension)
3708 (0.786 retracement of entire impulse)
Implications
If 3978 holds, ETH may stage a corrective bounce (Wave 4) before a possible Wave 5 inside C.
If 3978 fails, 3812 and 3708 are the next tipping points where market makers/pattern traders might start accumulating for a new 12345 impulse set.
Watch for a bounce between 4028–3978.
Lose 3978, and 3812/3708 become the big decision zones for the next move.
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.
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.