i have made several analysis of this in recent weeks and it moves excatly i predicted so far. soon with the upbrake of the trend will confirm our 1.1890 target
2048-2440 Strong resistance levels, upbrake of the trend will pump etherium to the target. invalidation level is important it is half of the current price. patience will create gain opprtunity on this one.
cant be certain when it comes down to correction waves, it might be here 1.1211 it might go little bit more down around 1.1152 or 1.10 but when it ends it will go for higher than 1.17 also correction wave lenght will give us a better idea where the tp should be so i will keep my first buy position and will add when i am certain when next impulse wave started.
main trend is up. depending on the correction we will have clear target i expect 1.19-1.23 closely watching the trend brakes. daily or h4 candle brakes are cruical. correction might be ending if not it might give us better buy opportunities around 1.11 or little bit below 1.11
if the correction wave ended at 0.5 fibo level which is current dip next target is new high. in shorter time timezones first targets are 19900 - 20250 - 22300
Unless it brakes the downtrend with a weekly candle close it should bounce back up in long run. should be closely monitored since it will give us a lot of information about current market direction. i expect bouncing back up but we will see.
