In the end, everything will be alright. Otherwise, it's not the end!
In the Long run, after the current correction, we expect prices in Ethereum to rise significantly. In this rise, we might even break out to new all-time highs. Before that, however, we have to deal with another major drop in price. This drop might come earlier than expected. In our alternative scenario, we have to consider that the wave in red is already completed. In this case, prices would only rise to about $360 before another impulsive drop occurs. As soon as we reach the target area for the alternative wave alt.2, we consider a short trade as long as the indicators signal a downturn. The alternative scenario would also mean that prices will drop to $180 instead of $240.
Take care and happy trading!
In the Long run, after the current correction, we expect prices in Ethereum to rise significantly. In this rise, we might even break out to new all-time highs. Before that, however, we have to deal with another major drop in price. This drop might come earlier than expected. In our alternative scenario, we have to consider that the wave in red is already completed. In this case, prices would only rise to about $360 before another impulsive drop occurs. As soon as we reach the target area for the alternative wave alt.2, we consider a short trade as long as the indicators signal a downturn. The alternative scenario would also mean that prices will drop to $180 instead of $240.
Take care and happy trading!
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🚀 Spot trends early with momentum, sentiment & price structure
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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.
📊 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.