Further, impulsive-looking price action, will add credence to the bullish scenario, and suggest wave (iii) of 3 upper is underway.
Wave (ii) may have ended at 1620.15 if so I expect a swift ascent over the coming sessions to suggest an impulse upper is extended, wave (iii).
We're looking for ETH to remain above 1620.15 and subdivide higher in five waves, wave (iii).
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Wave (ii) may have ended at 1620.15 if so I expect a swift ascent over the coming sessions to suggest an impulse upper is extended, wave (iii).
We're looking for ETH to remain above 1620.15 and subdivide higher in five waves, wave (iii).
Hit the like button if you like my analysis and follow me for future updates!
Future updates will be posted as updates to this count.
Daily intraday updates on 1H and 4H time frame, don`t miss them!!
Good luck!
Note
We would need to see ETH advance above 1947.04 to favor wave ((2)) ended at 1873.61 as a flat correction.
Clearing 1873.61 we may see the price turning into an alternative count with a flat correction bigger degree as the price was rejected into the 0.8 fib retracement of the previous abc correction.
Note
Changed the count from a complex correction into a flat correction for wave (2).
Wave C from the flat, an impulse to the downside that may end into 1430 - 1360 zone.
Wave (4) from wave C may have ended at 0.618 fib retracement of the wave (3).
Breaking below 1639.04 will add credence wave (5) of C started.
Note
As the price stays above 1563 and clears 1669.43 we are looking to the upside for a wave (3).
Alternate count a zigzag correction with wave (B) an expended flat. Clearing 1563 will add credence at this count and we are looking to the downside to finish wave (5) of wave (C) after a triangle correction for wave (4)
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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.