The Fate of Ethereum.
Updated
There has been a lot of news lately about Ethereum which I believe is one of the major reasons affecting the whole cryptocurrency market. How should we approach with technical analysis perspective?
Similar to Bitcoin, it seems like Ethereum is also having correction. I believe we are on wave B which I believe will reach around $780. After that there is high chance that we will have another drop as wave C. Since I believe we are in a bull market, truncated C where it lands on $710~$730, ending up higher than wave A, might be a possible scenario. However, if we break the bottom line of the channel, we are most likely to reach $660 which is my second target followed by my third target around $600. But I think we are most likely to not drop that far.
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Similar to Bitcoin, it seems like Ethereum is also having correction. I believe we are on wave B which I believe will reach around $780. After that there is high chance that we will have another drop as wave C. Since I believe we are in a bull market, truncated C where it lands on $710~$730, ending up higher than wave A, might be a possible scenario. However, if we break the bottom line of the channel, we are most likely to reach $660 which is my second target followed by my third target around $600. But I think we are most likely to not drop that far.
If you like my posts, please press thumbs-up button and follow me.
It really encourages me to share my TAs with you guys for free.
Note
Wow I nailed my prediction!
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트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
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