Over the past three months, ETHUSDT has been declining in a zigzag formation: Wave A formed as an impulse Wave B took the shape of an expanding flat (eFL) Wave C developed as a diagonal
Whether this diagonal has fully completed remains to be seen in the near future. I anticipate that ETHUSD will aim to test the moving averages and fill the imbalance zone before confirming further direction.
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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.