ETH elliot wave projection
Updated
General projection on ETH. Ridiculous C clamp on it, honestly expect a 80% retrace on it. 61% zone might bounce, but I'd wait to see if bounces there before buying. Bottom box is ideal buy.
Comment
still expecting ETH to bounce off .12 and go lower to blue box, maybe just the dark blue one though. no real change
personally wouldn't actually short it @ .12 when you can grab easy longs on alts though - BTC support held; we are still a bull market!
Comment
here is an alternate path if .12 is smashed
I'm very bullish on everything again since I think the market cycle completed and is about to renew. Prep for the pumps- ready your bank accounts.
would still wait for .12 though, C clamp is still scary. There are safer longs than ETH atm.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.