Ethereum (Counting Waves + London Hard Fork)!!!
Updated
Hi, Today I came back with Ethereum analysis after the last post that I published on Jun 21 (Topic: Ethereum Counting Waves !!!).
Ethereum’s long-awaited London hard fork is likely to launch on Aug. 4 between 13:00 UTC (9 a.m. ET) and 17:00 UTC, with block 12,965,000. Many Ethereum enthusiasts are excited for the delayed release, while some are watching on with “cautious optimism.”
As a part of a roadmap designed to lead up to the release of Ethereum 2.0, which will replace Ethereum’s current proof-of-work protocol with proof-of-stake, the London hard fork has been implemented into various testnets. After successful activation on the Ropsten and Goerli testnets, the final hard fork release date was decided.
Ethereum Analyze ( ETHUSDT ) Timeframe 4h⏰
Location🌊: Ethereum finished Main wave 3 at 4370$ (We saw a great rally on this wave), then it started the Main wave 4. Ethereum played on Main wave 4 (Zig zag 5-3-5) for about 69 days, and I think that end of the Main wave 4 was at 1706$(The end of microwave C). The microwave A has finished at 1866$ (impulsive== 5 waves). We passed from microwave B by Contracting Triangle (The end of microwave B was at 2847$).
Live: I think that Ethereum was able to find its own way, and it has started Main wave 5 for making a new All Time High (ATH). now Ethereum is running on Microwave 1 of main wave 5, and we have to find Corrections that we can jump to it.
one of the important corrections that we can concentrate on is a microwave 2 of Main wave 5, if we can find the end of this microwave, it will be a good chance for buying Ethereum for a Midterm or even a Longterm.
First, we have to answer this question 👉 where is the end of microwave 1?
Target 1: 2653$-2620$ (Current price + probably we will see dump after Ethereum’s London Hard Fork)
Target 2: 2826$-2822$ == Heavy Resistance (Monthly Resistance 1 + Fib cluster+ Point C of Bullish 5-0 Harmonic Pattern+ TRZ)
Second, where is the end of microwave 2?
Target 1: 2263$-2081$ (Monthly Pivot Point + Fib cluste + Yearly Resistance 4)
Target 2: 2263$-2180$ (Monthly Pivot Point + Fib cluster + Point D of Bullish 5-0 Harmonic Pattern)
My Suggestion: if you want to have Ethereum on your portfolio, you can wait for the best Corrections and then jump.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Ethereum’s long-awaited London hard fork is likely to launch on Aug. 4 between 13:00 UTC (9 a.m. ET) and 17:00 UTC, with block 12,965,000. Many Ethereum enthusiasts are excited for the delayed release, while some are watching on with “cautious optimism.”
As a part of a roadmap designed to lead up to the release of Ethereum 2.0, which will replace Ethereum’s current proof-of-work protocol with proof-of-stake, the London hard fork has been implemented into various testnets. After successful activation on the Ropsten and Goerli testnets, the final hard fork release date was decided.
Ethereum Analyze ( ETHUSDT ) Timeframe 4h⏰
Location🌊: Ethereum finished Main wave 3 at 4370$ (We saw a great rally on this wave), then it started the Main wave 4. Ethereum played on Main wave 4 (Zig zag 5-3-5) for about 69 days, and I think that end of the Main wave 4 was at 1706$(The end of microwave C). The microwave A has finished at 1866$ (impulsive== 5 waves). We passed from microwave B by Contracting Triangle (The end of microwave B was at 2847$).
Live: I think that Ethereum was able to find its own way, and it has started Main wave 5 for making a new All Time High (ATH). now Ethereum is running on Microwave 1 of main wave 5, and we have to find Corrections that we can jump to it.
one of the important corrections that we can concentrate on is a microwave 2 of Main wave 5, if we can find the end of this microwave, it will be a good chance for buying Ethereum for a Midterm or even a Longterm.
First, we have to answer this question 👉 where is the end of microwave 1?
Target 1: 2653$-2620$ (Current price + probably we will see dump after Ethereum’s London Hard Fork)
Target 2: 2826$-2822$ == Heavy Resistance (Monthly Resistance 1 + Fib cluster+ Point C of Bullish 5-0 Harmonic Pattern+ TRZ)
Second, where is the end of microwave 2?
Target 1: 2263$-2081$ (Monthly Pivot Point + Fib cluste + Yearly Resistance 4)
Target 2: 2263$-2180$ (Monthly Pivot Point + Fib cluster + Point D of Bullish 5-0 Harmonic Pattern)
My Suggestion: if you want to have Ethereum on your portfolio, you can wait for the best Corrections and then jump.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Note
Post Jun 21
Note
Ending Diagonal❗️
Timeframe 15min⏰
Note
Ending Diagonals, Update❗️
Ethereum❗️
we have to wait for breaking the lower line of Ending Diagonal ❗️
Timeframe 15min⏰
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