ETH broke out of an ascending triangle and the wave count appears to be similar to BCH. Our next immediate target appears to be the 300 Day MA ($220+)
Elliott Waves:
We are in the 3rd overall wave out of which the 5 sub-waves (blue) are playing out now. the 3rd sub-wave is done and I believe some correction is due till 175-165. I expect the support to hold at 165 which is also 0.382 Fib level
We going below wave 1 will invalidate this bullish scenario
Elliott Waves:
We are in the 3rd overall wave out of which the 5 sub-waves (blue) are playing out now. the 3rd sub-wave is done and I believe some correction is due till 175-165. I expect the support to hold at 165 which is also 0.382 Fib level
We going below wave 1 will invalidate this bullish scenario
Note
Price took support 3 times at out first level of support (green arrows). 5th wave confirmation once we cross $189Note
As mentioned, we did not cross $189 and instead fell back to the original support at 0.382 Fib that we expected initially. Lets hope this holds
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Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
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.