shitty-trader

ETH - Time to complete the 5th wave of in C pattern

Short
BINANCE:ETHUSDT.P   Ethereum / TetherUS PERPETUAL CONTRACT
Ethereum has gone up after testing the support at $1800 and is getting close to the top of trendline as well as 25 daily EMA which proved to be strong resistance so far.

ETH is currently following ABC corrective pattern and it seems that we are just about to complete wave 4 in C and move on to the final 5th wave that will complete the ABC.

Measured target from here is $1300
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.