RSI/MACD/Volume show us that 140 might pe a important price to buy,around this area until it confirm 160 price breakout trade only with tight SL and wait for the deep. So if 140 hold we can have our really 3rd wave up,wich we waiting since 4 months ago,also take in calculation that past 3 months on 24/23/22 ETH Found a new deep.if 140 dont hold 123 can be next lvl...
Posible wave 3 but also a bear trap so trade with thight stoploss.
Divergence show us that the corection of the 190-235 trend i about to be over,so im gonna book some eth @ 207-209 prince by watching the 3rd wave with the possible end in 258 prince.
This could be the 5th wave up! only if 280 holds.
From my point of view this is a tren consolidation graph(flag operation forming, no lower lows with higher highs) if you look at my previous ETHUSDT ideas you will understand where the view comes from. So this could be the 3rd wave up wich can easly can go up to 320 or even 360. so i will book some leverage ethusdt :)
As everyone knows the crypto markets are a bit different about the normal market and when fundamentals of bitcoin brings money into BTC,1st step that the altcoins are doing is to lower their value acording to btc,we expect that in next 2-3 weeks the income of capital that came into bitcoin to be moved in alt coins,we should take in consideration that OpenANX is...
Tricky coin of those days,bittorent with a large network behind is maybe going for its 3rd wave,the fibo retracement shows us that the 0.12 could be the lowest or the actual lowest 0.14 could be the end of it. wait for a good price in your opinion and expect 0.40 in return. we would stay that this is a good price in 2 months so lets start with 0.29, we will keep updating.
if this price succed to become a support for the curent market fluctuation..then it shows us a trend consilidation fallowed by a trend continuation, 200$/ETH its a in play price.
After the second cryptocurrency by market capitalization and volume reach the minimum in late december,it start the uptrend,165$ is the top reached in last 4 months As 125.45 was a strong support,we are waiting to in the next 3-4 weeks that the Ethereum will slowly push up to 165 lvls again and break,as on Elliot waves this may be the 3rd wave up.
Possible wave 2 with a corection of max retracement fibo 0.23. So 5530satoshi is a good entry point. Tp: in the next upate of this trade.