Following is ETHEREUM analysis
1) The major five-wave Elliott wave coming from 2017 ended MAy 2021
2) Wave 2 corrected W1 by almost 85-90%
3) W3 started and had a good 161% fib extension of W1 to 2599
4) W4 is simple correction and retraced only 23% as W2 had a deep correction
5) W5 ended at 4367
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A-B-C corection
In a complex A-B-C...
ETH is forming a symmetrical triangle and an uptrend channel on the H1 chart.
If the symmetrical triangle break out upperside then a price reversal could be confirmed and the 1st target is 216$
If the symmetrical break out downside then ETH may reach to 185$
Symmetrical Triangle : The breakout in a symmetrical triangle happens in the third try 60 to 70% of the...
Hello to all watching my charts
Here is Ehereum again in the focus.
Still long
But we have 2 moves here.
First and bigger move is clear to the upside (blue trendchannel long)
but my the shorttime system is now even flat. !!
So we have to get an eye again on the bigger and longer timechannel
to check whats going on.
Dont follow the guys which tells you...
