I think Price will attack to liquidity below 20700
and smart money will going to hunt buyers stop to accumulate their position
then we can expect a strong rally for this week
its a risky trade , good luck
We all knowing that when the Price Squeeze in thin area , then we expect a strong Rally or Drop farther .
Now we have this situation in very important lvl of both BTC & ETH .
I think in good scenario smart money will do only Blue pattern for pumping BTC to next major resistance
But in bad scenario ( that happen usually in market ! ) the red line forecast...
This is my Forecast based on Harmonic Elliot wave counting for ETH in long term.
But in apposite scenario even if we are in Bearish Impulsive cycle, we should be in wave – ii – of that scenario.
So it doesn’t matter we are in the end of wave ((IV)) of Bullish cycle or , we are in the end of wave – I – on Bearish scenario .
in Both of this scenario we expect...
Based on Harmonic Elliot Principle counting we are in wave - ii - of impulsive cycle . But it doesn't complete .
We can have a " short " position till 61.8% and 76.4% of Fibo retracement levels .
so the first target is 28900 and we should Break even for second target in 28000 .
In those two level we have Potential Reverse Zone (PRZ) that we expecting for...
This is one Scenario based on Harmonic Elliot Wave principle .
in this Bearish scenario Wave (( C )) of higher time frame is complete and we Expect Corrective Cycle began .
First target is 3500
Second target is 2700
its even possible that correction cycle go for 2000 USDT (23.6% fibo lvl )
Good luck .
I think we are in wave -iv- of (c) in Harmonic Elliot wave counting . then we expect wave -v- to complete wave (c) in this principle . only if 1830 $ Resistance Breaking out we should reconsider in our counting .