Hello Traders Investors And Community,
Since the previous analysis Ethereum rightly completed the main broadening-wedge-formation, made the breakout above the orange box, and shown up with the volatility finally pushing into our target zone, if you did not see the analysis I highly recommend it to watch to have a full-depth-overview. We also managed to achieve great profits on the long side with Ethereum in the private channel, this was really good to realize. Now as Ethereum reached these main targets I discovered further possibilities and what is likely to happen and whatnot. In this case, it is necessary to wait on the final validations before moving in the right direction rather than overspeculating the situation, as Ethereum has developed a good pace it will be interesting how it develops further.
As when looking at my chart we can watch there Ethereum recently reaching the main target zone and also approaching above it some higher to initially pullback and test the blue support which was previously resistance. This is also an important reference point for further determinations because when this support holds and Ethereum finalizes the wave-count above it as shown in my chart to finally breakout above the descending-trend-line in dashed grey it will indicate further continuations and pointing to targets that are realistic at the 2190 level. Otherwise, when the support does not hold and Ethereum moves below it this will lead to the wave-c-extension as shown in my chart and Ethereum will continue bearishly till lower supports are reached which are lying within the upper-boundary of the previously broadening-wedge from where Ethereum can back-up anew. These are the main scenarios important here that will determine next destinies.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
Since the previous analysis Ethereum rightly completed the main broadening-wedge-formation, made the breakout above the orange box, and shown up with the volatility finally pushing into our target zone, if you did not see the analysis I highly recommend it to watch to have a full-depth-overview. We also managed to achieve great profits on the long side with Ethereum in the private channel, this was really good to realize. Now as Ethereum reached these main targets I discovered further possibilities and what is likely to happen and whatnot. In this case, it is necessary to wait on the final validations before moving in the right direction rather than overspeculating the situation, as Ethereum has developed a good pace it will be interesting how it develops further.
As when looking at my chart we can watch there Ethereum recently reaching the main target zone and also approaching above it some higher to initially pullback and test the blue support which was previously resistance. This is also an important reference point for further determinations because when this support holds and Ethereum finalizes the wave-count above it as shown in my chart to finally breakout above the descending-trend-line in dashed grey it will indicate further continuations and pointing to targets that are realistic at the 2190 level. Otherwise, when the support does not hold and Ethereum moves below it this will lead to the wave-c-extension as shown in my chart and Ethereum will continue bearishly till lower supports are reached which are lying within the upper-boundary of the previously broadening-wedge from where Ethereum can back-up anew. These are the main scenarios important here that will determine next destinies.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
Note
Origin-Analysis: 
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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.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.