Ethereum (ETHUSDT) | The best target for climbing🎯
Hello traders, Ethereum in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on the count we had for this symbol, the main 1, 2 and 3 waves are over, and we called it the 4 main wave, considering that the trend was not formed in the direction of the 3 main wave.
We compared wave 4 in previous analyzes with wave 2 and said that this wave is shallow and short in time compared to wave 2, which was deep and time consuming.
But due to the recent descent, which was related to wave 5 of the c-wave zigzag, it changed the idea that wave 4 would be shallow, as well as the structure we had in mind for the wave.
Our view now is that wave 4 is formed in the form of a zigzag, which is almost complete, or in the form of a flat, the c wave of which will be shorter than the other waves.
Generally:
We are inside wave b of flat or wave 1 of wave 5.
The structure we examined in the lower times is more similar to the leading waves, and this leading wave is within the 3rd wave.
After the completion of the correction, the minimum ascending movement that will take place will be the same as the previous ascent.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Based on the count we had for this symbol, the main 1, 2 and 3 waves are over, and we called it the 4 main wave, considering that the trend was not formed in the direction of the 3 main wave.
We compared wave 4 in previous analyzes with wave 2 and said that this wave is shallow and short in time compared to wave 2, which was deep and time consuming.
But due to the recent descent, which was related to wave 5 of the c-wave zigzag, it changed the idea that wave 4 would be shallow, as well as the structure we had in mind for the wave.
Our view now is that wave 4 is formed in the form of a zigzag, which is almost complete, or in the form of a flat, the c wave of which will be shorter than the other waves.
Generally:
We are inside wave b of flat or wave 1 of wave 5.
The structure we examined in the lower times is more similar to the leading waves, and this leading wave is within the 3rd wave.
After the completion of the correction, the minimum ascending movement that will take place will be the same as the previous ascent.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️