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Cross10XSignals
Oct 2, 2022 11:22 AM

ETH/USDT Elliott Wave count 6H TF 

Ethereum / TetherUSBinance

Description

This count is possible a bullish scenario for Ethereum.
We have an upward impulse that can be A or 1 and now we probably have a complex WXY correction and not a zigzag as I had previously anticipated.
If so, we should be in a triangle-type corrective wave at this moment, which could be the B wave from the ABC that forms the Y wave.
This triangle could also be a wave 4 from a wave C of a zigzag type correction, but it still seems too big for a wave 4 compared to wave 2, but nothing is excluded.
This triangle is not complete yet and I'm waiting to see how it ends. It is possible that we are in wave D at this moment which should end in the trend line that starts from the origin of the triangle and joins the end of wave B of the triangle and from here wave E of the triangle should follow.
This wave C from wave Y so that we can consider it complete and to maintain this bullish count should end in 0.618 fib extension A vs C which favors a landing at the bottom of the channel and at the same time here we would have 0.764 fib retracement from wave A or 1 higher degree which has its start on June 18. We could also have divergence on the RSI at the end of the Y wave.
It is possible to trade short after the end of the dream and the breaking of the BD trend line formed by the triangle but since I will see more price action I am neutral.
I will update this account, so if you like my analysis, subscribe and press the like button. Thank you and good luck!
Comments
SwallowPremium
Been waiting for it for quite some time already. Thanks for sharing with us!
Cross10XSignals
@SwallowPremium Thanks for appreciation! awsome channel also for you. I am in!
Goldenbreakout
nice trend
Cross10XSignals
@Goldenbreakout, thanks for appreciation!
peterbhc
I like 1086, great area as your identified. not sure yet if that is the October bottom for me (I think it will clear fresh new annual lows)
Cross10XSignals
@peterbhc, yes may take some liquidity down the previous bottom but this will invalidate this count. Thanks for appreciation, Peter!
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