Hello friends,
Everything was clear on the chart.
ETH has succesfully make new ATH recently. As you seen previuosly, after make All Time High ETH entered a correction phase.
This movement looks very neat, which is where ETH is completing its correction towards the strong support at 3840 - 3940.
Overall the movement of ETH still looks very bullish, you can see the next price peak is at the 5000$ level
Summary :
1. Weekly TimeFrame break Cup and Handle Pattern
2. ETH is in a correction phase based on elliot wave analysis after make new ATH recently.
3. Pitchfork clearly perfect
4. Support ini 3870 - 3940 it means you can buy in this range price level.
5. Next target in 5000 - 5200
I'll update later if there's change or break the structure
Keep in mind leverage trading can be highly risky, trade with not more than 5% of your funds in leverage trades.
*Not financial advice.
If you want me to share these trades here, hit the like button and share your views in the comment section.
Everything was clear on the chart.
ETH has succesfully make new ATH recently. As you seen previuosly, after make All Time High ETH entered a correction phase.
This movement looks very neat, which is where ETH is completing its correction towards the strong support at 3840 - 3940.
Overall the movement of ETH still looks very bullish, you can see the next price peak is at the 5000$ level
Summary :
1. Weekly TimeFrame break Cup and Handle Pattern
2. ETH is in a correction phase based on elliot wave analysis after make new ATH recently.
3. Pitchfork clearly perfect
4. Support ini 3870 - 3940 it means you can buy in this range price level.
5. Next target in 5000 - 5200
I'll update later if there's change or break the structure
Keep in mind leverage trading can be highly risky, trade with not more than 5% of your funds in leverage trades.
*Not financial advice.
If you want me to share these trades here, hit the like button and share your views in the comment section.