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aialchemist
Feb 15, 2023 4:55 AM

ETHUSDT Wycokoff Accumulation with Elliott Wave dynamics Long

Ethereum / TetherUS PERPETUAL CONTRACTBinance

Description

If you look at the recent accumulation phase, you can see that we are now in Phase D. Today we had the “test”, where we seen a sudden dump followed by fast pump. This should signal that we are ready to move up. The Elliott Wave was followed almost perfectly. Towards point A there was 1,3,5 impulse and at the time of writing this we completed ABC correction. If all goes well we should be going up to the next C price point.

Note: BTC and Eth are trading almost identical right now.
Comments
evasivesteering
Thanks for this analysis. If I understand well, we'll have a correction at $1700?
aialchemist
@evasivesteering that is correct!
aialchemist
B to C is running well in 1-5 manner
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