Whereas, I was counting wave 1-2, and i-ii done, I've spent some time on Ethereum last night. This whole consolidation fits better as primary wave 2 of 5 of C of SC II is completing now. My struggle was the amount of time spent without ever getting the start of our wave 3 has caused me to swift my count as per the above.
The Maximum we should see for wave 2 would be $1710 for completion at the .618%. We’re just now coming into the .50% retracement area at $1610. However, this move up in the very short term looks like it's going to complete at 1634. Whether that’s going to consolidate there and then push up to $1710 remains to be seen. $1710 should contain wave the wave 2 retrace. If you are currently short, please be aware price can get there.
Our first clue we have topped is an impulsive decline of $1399 followed soon by a new local that will complete at the .768% extension for our wave “i of 3” which is $958.
Best to all,
Chris
The Maximum we should see for wave 2 would be $1710 for completion at the .618%. We’re just now coming into the .50% retracement area at $1610. However, this move up in the very short term looks like it's going to complete at 1634. Whether that’s going to consolidate there and then push up to $1710 remains to be seen. $1710 should contain wave the wave 2 retrace. If you are currently short, please be aware price can get there.
Our first clue we have topped is an impulsive decline of $1399 followed soon by a new local that will complete at the .768% extension for our wave “i of 3” which is $958.
Best to all,
Chris
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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.