Ethereum breaks above the critical resistance line at $685, thus confirming wave 3 in green. This leaves us with further upside potential. In wave iii in Orange, we expect prices at around $850. After another short correction, we might see prices touching into the 4 digit area. We went long, as depicted in the chart. We plan further long trades after completing the correction of wave 4 in green. The current wave 3 in green might extend and reach prices at $8000. In this case, the target of wave 4 is pushed northwards.
Happy Trading!
Happy Trading!
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
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.