Ethereum has just showed its first signs of buyer exhaustion during the last bitcoin dip.
One further dip is expected, which should make eth do a .382 retracement to around $3,340.
Since eth is still bullish and its previous weekly candle so strong, more upside is expected.
Profit taking will occur at just over $5,200.
After that a massive correction will wash out this entire market.
This wash-out will be realized starting in roughly 5 days.
Ethereum will then move in a corrective impulse downward to the .618 retracement of its move upward.
This will take ethereum to roughly $2,600-$2,800 before it resumes its upward trend and goes parabolic again.
Ultimate targets for ethereum by the end of Wave 3 are
$11,076 or
$13,033
If you have enjoyed my work, please Like and subscribe. I will continue to create content as I study and learn to craft my own style to better my technical analysis.
Thank you.
One further dip is expected, which should make eth do a .382 retracement to around $3,340.
Since eth is still bullish and its previous weekly candle so strong, more upside is expected.
Profit taking will occur at just over $5,200.
After that a massive correction will wash out this entire market.
This wash-out will be realized starting in roughly 5 days.
Ethereum will then move in a corrective impulse downward to the .618 retracement of its move upward.
This will take ethereum to roughly $2,600-$2,800 before it resumes its upward trend and goes parabolic again.
Ultimate targets for ethereum by the end of Wave 3 are
$11,076 or
$13,033
If you have enjoyed my work, please Like and subscribe. I will continue to create content as I study and learn to craft my own style to better my technical analysis.
Thank you.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.