Short term ETH analysis
Updated
Since my last chart got butchered I'm creating a new one. Old chart:
We can short lower degree ABC and go for long for the #C wave
Blue fib is our target in terms of price, one issue I'm having is that I expect this correction to last at least 2 more weeks but I am not sure how we are going to get there just yet
We can short lower degree ABC and go for long for the #C wave
Blue fib is our target in terms of price, one issue I'm having is that I expect this correction to last at least 2 more weeks but I am not sure how we are going to get there just yet
Note
Just realized the previous impulse labels 3 and 4 (yellow) are screwed for some reason.#3 should be pushed to the wick on the right
#4 should be pushed further to the right resulting in running flat for #4
Note
As of right now, i am not quite sure what the count is, bias is still bearish in the long term. I will need to spend some more time on thisAlso congratz to those who shorted, I'm sure yall were presently surprised :)
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.