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TradeWaves-EWA
Dec 1, 2022 6:25 PM

πŸš€Ethereum (ETHUSDT): the third wave of the ending diagonal.Β Long

Ethereum / TetherUSBinance

Description

β‹…
●● Preferred count
● ETHUSDT, πŸ•TF: 1D

Fig.1

It is assumed that the primary wave β‘€ will take the form of a large
, subdivided into zigzags (1)-(2)-(3)-(4)-(5). Within the framework of the model, sub-waves (1) and (2) are formed, wave (3) is expected to develop.

The minimum target for (3) is to exceed the wavelength of (2).
_______________________________________
● ETHUSDT, πŸ•TF: 8h

Fig.2

The ascending wave marked as A of (3) can be interpreted as an
, the subsequent correction of B as a completed
ⓦ-ⓧ-ⓨ. If our calculation is correct, then we are at an early stage of the development of the ascending five-wave C. The formed waves ((i))-((ii)) with the breakdown of the 0-ⓧ line will serve as an additional signal in favor of this hypothesis.

_______________________________________
●● Alternative count
● ETHUSDT, πŸ•TF: 1D

Fig.3

Complicating the structure of wave (2) to a
is the first thing we should be ready for. Wave X can take the form of any corrective figure, but based on the fact that the first wave in the model, designated ⓐ, is interpreted as an
, at the current stage a bet is placed on the formation of X by the type of a
.

_______________________________________
● Ethereum / TetherUS (BINANCE), πŸ•TF: 1D

Fig.4

The second variant of alternative labeling returns us to the previously preferred scenario, in the context of which wave (2) unfolds an expanded A-B-C flat with a
at the end.

Provided the diagonal is completed, this calculation option can be designated as the preferred scenario.

πŸ“š Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
Comments
Khiwe
β‹…
Massive
Andy137
β‹…
Considering that wave (1) of 5 consists of a relatively huge A, rare running flat B and tiny C, I wouldn't bet my money on this count.
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