Ethereum
Updated

Ethereum Elliott wave Daily update

1 431
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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We would need to see ETH advance above 1976.99 to
favor wave ((2)) ended at 1825.38. Also price may keep prior 4th wave pivot 1816 for a big move
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Above 1825.38 we are looking to continue to the upside
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flat correction for wave 2
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Clearing 1947.04 we are expecting an impulse to the upside for wave 3
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Nothing changed at Ethereum, waiting to clear 1947.04 for a potential move up
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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.
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Watching for evidences wave (2) ended at 1832.83.
Clearing 1929.03 may turn the price up
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nothing changed
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Watching for evidences wave (2) ended at 1800.
Clearing 1876.10 may turn the price up
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Ethereum lost the channel trend line so we are expecting more move to the downside to complete a complex correction wave (2)
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Watching for evidences wave (2) a complex correction ended at 1547.36. A break above 1876 we are looking for a potential upside continuation
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Nothing changed from previous update
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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.
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We are still keeping in the count complex correction as the price stayes above 1547.36.
Above 1547.36 we are looking for a potential move the upside after spoted an expended flat correction.
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Above 1531.36 and clearing 1639.10 we are looking for wave C from a flat correction wave X from a triple zigzag combo.
Possible targets into 1800 zone, 1.618 fib extension A vs C, 0.5 and 0.618 fib retracement of wave Y.
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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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Ethereum remains opened to the downside after failing to move up in five waves.
Below 1662.23 and 1755.20 and clearing 1608.00 we are looking to the downside for wave (c) of ((y)).
Alternate count red abc to be an 12 12 but price must clear 1662.23 and 1755.2 pivots
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Watching for evidences wave ((Y)) finished 1520.85. A clear break above 1578.53 may turn Ethereum to the upside
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Ethereum moved upside in 3 waves and below 1641.41 we are looking to the downside to complete wave (C) of wave ((Y)) from a complex correction
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Changed the count for wave 2 into a running flat correction after the price hits 0.618 fib extension a vs c.
Above 2131.91 we are looking to the upside for wave ((3)) of wave 3 with possible target 2.900 zone.

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