ETHFI looks bullishIt looks like we have three big ABC waves on the chart.
Wave B has started from where we placed the red arrow on the chart. Wave B looks like a triangle and now it looks like we are at the end of wave d of B.
After the completion of wave e of D, we can see the rising movements of the big C wave.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Ethfi
ETHFI price clearly repeats the movement of BTC from rpreviousDuring the 2nd half of April, CRYPTOCAP:ETHFI buyers or its MMs tried to keep the price above $3.20 - not allowing it to update the lows.
↪️ On the one hand, it looks like a sign of "strength"
↩️ On the other hand, don't be too surprised if the price of $ETH.FI drops sharply to $3.11 or even $2.88 (too many "tasty stops" are hidden below $3.20 and can be hunted).
You can even place pending limit orders to buy here and feel a little bit like MM :)
In general, the #ETHFIUSDT chart is very similar to the #BTCUSDT price movement during 2021, and we copied the blue fractal from this period for clarity.
That is, the bottom is somewhere close and there should be good growth ahead.
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ETHFI USD Could Potentially start a run here. After retracing from ATH's technicals are starting to point up. There is also very very low volatility right now, meaning volatility has contracted measurably. This could be the sign we are looking for along with a break of this DTL and we will be off to the races. Happy Hunting.
As always- This is not financial advice.
MKR FORMING ADAM AND EVE PATTERNBINANCE:MKRUSDT forming an Adam and Eve or a double bottom, indicating a bullish pattern. Currently approaching on the neckline more details on the idea threads below. Stay tuned for updates.
MLong









