Even ETH often have correction in one sharp move to the downside now it's look it can go deeper ! We have two reason for this view. Rising wedge lower trend line was broken Elliott wave invalidation level for further fifth wave was broken After possible pullback we can have easy the next downside movement!
Market is tricky so take care this downside movement is maybe only temporary before one more last upside new ATH movement!
So we should never forget when we trade on crypto market that what ever pattern we have or any good opportunity in Altcoins, BTC is the leader and when BTC have a strong decline all market is going down!(Almost all) We have two entry levels now but take care about BTC next movement impact! Good Luck
Target is 2700-3000 bat after that take care of much deeper correction! In that time ETHBTC can touch 0.053 level!
Possible pullback of 7-10% in that area! Good luck
Pullback can happen at ETHBTC at the end of wave E and in that moment ETHUSDT can finish the cycle also! So Watch ETHUSDT and ETHBTC correlations now because we are very near by the targets! Started somewhere here and so on So next level for watching is 0.053 when the price will be there take care!
This view just confirm our view of RVNUSDT pair! So we have a high probability that the next move will be to the upside for each pair!
When this cycle found the top be ready for a much deeper correction! When it will found the top we that we will see soon , but the markets always found the top !!! Minimal 2700-2800 but it can goes much higher when the 5th wave FOMO players start to put they last looser investments!
BUY BUY BUY!!! Don't forget to exit at the end of 5th wave target around 0.35 but we will see !!!
Cycle is not finished yet so we have two place to enter new buys one is already touched ! Good luck
Our entry was perfect at bottom of the stop grabber! Who missed it can enter now! Good luck Don't forget to exit after next pump!
-Market is still bullish in global view! -Until invalidation level holds! -But only one more wave left just before much bigger correction!
It can go more deeper than next entry at fibo 61.8 around!
Chinese time selloff push the price much lower but market was bagging for deeper correction long time ago so lets see can it go deeper or this is it!
So our entry was perfect and one more wave missing to complete the formation!
Sure always only at correction but here we have now 3 levels for entry! I am Voting for second level! Good luck!