Technical analysis of ETHUSD.
Bearish count sees large regular flat from ATH, pitchfork drawn from ATH, A, and B.
C wave would be in its wave 3, with target ~2000.
Wave 2 was a zigzag with Elliott Triangle wave b. Wave c of 2 tagged .618 fib drawn from B at 4104.56 to end of wave 1 of C.
Smaller pitchfork drawn from B, 1, and 2; convergence with larger pitchfork below A at 880.03, which is where this analysis suggests price is going.
Bearish count sees large regular flat from ATH, pitchfork drawn from ATH, A, and B.
C wave would be in its wave 3, with target ~2000.
Wave 2 was a zigzag with Elliott Triangle wave b. Wave c of 2 tagged .618 fib drawn from B at 4104.56 to end of wave 1 of C.
Smaller pitchfork drawn from B, 1, and 2; convergence with larger pitchfork below A at 880.03, which is where this analysis suggests price is going.
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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.