ETH LONDON FORK: BULLISH SENTIMENT 🤔🤔we're gonna witness largest event on ETH history and ETH will survive this change as it's always do.
if it breaks the last ATH "$4,362.35" it will moon first target 5k$ then 8k$
ETH is accumulation is increasing gradually and is on uptrend.
the update will make ETH deflationary by burning ETH which means the supply will decrease and stakers will need to buy ETH for staking purpose which will add up for ETH uses.
the second most popular crypto wont go DOWN for just an update, everything will go smoothly and even if error happened a real fork will occur with 2 coins exists which will make people get the first token (ETH1) to get (ETH2) like BCH fork for BTC.
Many big DeFi names depends on ETH. and it is the most able to capture value as Coin Bureau
BETH
ETHEREUM - RELIEF BOUNCE OR CORRECTION COMPLETE? Hey Everyone,
pulling apart the charts looking to see if they are still holding the previous patterns and projections, and ETHEREUM right now in an area of interest for me.
Way back in June, which in trading time is forever ago... I posted this chart.
And guess what... here we are...
So I am now on the hunt to see if this price prediction will still be valid, or f we are going to correct deeper for ETHEREUM...
I gave you all the chart with the cup pattern that showed ETH could see a possible $850 if it was to continue, BUT we did not, as soon as the chart was posted, we turned down the other way within a week. We have had various attempts to continue higher, but the cross support was calling, we needed to see how much support ETH actually had, and in this region, it has bounced strongly.
WILL THIS HOLD?
What I have noticed is that in a similar vain to BTC, ETH could be in a 4th wave, and not 5 completed. It meets the criteria, and our wave one could have been a leading diagonal, as the wave structure meets Elliott wave guidelines, and wave 3 here, is not the shortest.
The rule states - wave 3 does not need to be the longest wave... BUT it cannot be the shortest, which when you check the price indicators on the chart, this is in fact the case. Right now Wave 1 and 4 do not cross, and I have marked on the chart where this pattern invalidates. ($184ish region)
Depending how tightly you draw the parabola, we still could be in that movement...
In the next few hours to days, we are going to retest this region, if this holds $500 plus is on the way!!!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3