EthereumUpdated ETHEREUM (ETHUSD) could hit between 163.50 and 225
Usually traders miss the first leg of correction, but the second leg is our chance.
The wave X (yellow) unfolded as triple three WXYXZ (white) and there are all waves are completed.
We should wait for a breakout of yellow resistance.
target 1 (orange) = peak of former wave W = 163.50 = minimum target
target 2 (blue) = Y=W = 183.70 = most probable target
target 3 (green) = earlier top where the preceding drop started.
Same picture I see in Bitcoin but the risk is higher as absolute value of ETHereum is less.
The wave X (yellow) unfolded as triple three WXYXZ (white) and there are all waves are completed.
We should wait for a breakout of yellow resistance.
target 1 (orange) = peak of former wave W = 163.50 = minimum target
target 2 (blue) = Y=W = 183.70 = most probable target
target 3 (green) = earlier top where the preceding drop started.
Same picture I see in Bitcoin but the risk is higher as absolute value of ETHereum is less.
Note
Target reached
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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.