An idea on ETH that the recent low at $1700 might be the bottom for now after completed an ABC (as part of a larger WXY).
1. B wave hit the 0.382 retracement level exactly
2. 5 waves down within C wave that match the MACD histogram
3. Bullish divergence on the 5th wave
There is an alternative 5 wave pattern posted in below screenshot where wave B is wave 2:
1. B wave hit the 0.382 retracement level exactly
2. 5 waves down within C wave that match the MACD histogram
3. Bullish divergence on the 5th wave
There is an alternative 5 wave pattern posted in below screenshot where wave B is wave 2:
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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.