Ethereum - Intraday Update - 12/03/20 (Short-term)
Bottom Line: Subdividing higher within wave iii of (iii)
Bottom Line: Subdividing higher within wave iii of (iii)
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Trade active
Outlook: Expecting ETHEREUM to recapture its $637.95 high and beyond.
Analysis: The break above $637.95 signals the fourth wave triangle consolidation discussed yesterday is complete, and the move puts ETH back on track to challenge the next upside hurdle. The bulls are in control while $482 - wave ii - stays intact as support.
Trade active
Breaking above $637.95 is the next upside objective for the bulls.
Bottom Line: A fifth wave rally is in its early stages.
Note: Prices can vary between exchanges, and consequently there may be differences in our chart prices due to different data sets.
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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.