Ethereum seems to be in bull wave the last rally you saw was wave 3 it did correction as expected and i shorted it(you can check my bear flag graph) and it got support at exact fib point, wave 5 will take it to 323 region it seems, in wave 5 its in phase 2 of it(consolidation)
Ethereum formed inverse head and shoulder on 1 hour time frame, and corelating it with my elliot wave , its about to bust out
BTC bearish went up too fast to early evening star on daily decreasing volume
eth bearish short term too much run bearish evening star on 1 hour head and shoulder on 15 min and now bear flag
As pointe dout in myprevious analysis, ethereum was making a trend reversal and going into next bull rally Today it confirms wihtout any reason of doubt, that ethereum is now in strong bull trend Today EMA 12 crosses EMA 26 it has happened only two time in recent months, one time, it was reverse cross over in 300 region and we had this massive downrally and...
Ethereum foring a massive head and shoulders ready to bust up
as you can see bearish trend is getting weaker and bullish trend has resumed
As long as we are in 1*1 area price is bullish we broke from violet fan angle to blue price This is known as the "rule of all angles". This rule states that when the market breaks one angle, it will move toward the next one.
Elliot wave shows ethereum had abc correction classic zig zag which happens either in B wave or wave 2 in impulse move where length of a match length of c we missed here by 2 points a was 189 ish c is 186 if we consider three wave c wave has started and will take us to 507 if we consider 5 wave movie wave 1 was till 404 wave 2 was what we just witnessed last...
ETH/usd ,let's see if that red line act as magnet
Ehtereum in possible impulse move in wave 3 in elliot grand super cycle.
Pitchfork analysis shows ethereum is going upward in trends with impulse wave 3 starting