Ethereum our path to complete the trend cycle
Hi every one
this chart just showing what our path could be in short to long term on ETH
so all the Elliot waves calculated based on Fib extension and Fib retracement
to show what our path could be, tough this may not the exact plan , other factors
can affect on the calculation. but could give us a better look a probability of
our path to complete our uptrend cycle.
this is our weekly chart:
.......................................................
based on the weekly chart our target is somewhere around 1200 to 1500 to complete
our impulsive 5 Elliot waves and at this level we could expect new downtrend cycle.
any comments ?.......
Enjoy the market
this chart just showing what our path could be in short to long term on ETH
so all the Elliot waves calculated based on Fib extension and Fib retracement
to show what our path could be, tough this may not the exact plan , other factors
can affect on the calculation. but could give us a better look a probability of
our path to complete our uptrend cycle.
this is our weekly chart:
based on the weekly chart our target is somewhere around 1200 to 1500 to complete
our impulsive 5 Elliot waves and at this level we could expect new downtrend cycle.
any comments ?.......
Enjoy the market
Trade active:
next target up to 740, set stop loss as in chart
Comment:
exact on 740 target. uptrend could keep on so set your stop below 700$ if you are in long position.
Trade active:
our 792 level just hit but uptrend can keep moving to our main level 860.
Trade active:
All target reached but trade is non closed, there is a good potential for next uptrend levels, 900, 950 and 1100 would be next levels
Trade closed: target reached:
All targets hit in less than a day, a correction is logic at this level, it may find it's support around 920 to 950$.
Trade active:
As expected, retraced from 920 again
Trade active:
new target is around 1270&
Trade closed: target reached:
1270 level just hit in a day, uptrend may continue, and next level could be 1400
