Ethereum... local Elliot wave review for short term

Hi everyone

ETH price already broke our descending channel downward.

so what we have on this chart is local Elliot waves scenario and as you can see

all 5waves downward completed, now we can expect an ABC correction upward.

this pattern can also follow my BTC scenario( LINK the PUBLISH BELOW) as well.

at this moment if the (a) wave done price may drop to shape wave (b). around 2370

is expected. for wave (c) I expect price break our descending channel upward again

and test the 2970 resistant level.

if the price broke below 2150$ support level this strategy would be invalidate for a while


Enjoy the market

Commento:

we have key support level around 2540$ . if broke price can drop to 2200$ again

Trade chiuso: obiettivo raggiunto:

with wave (b) completion. now target must hit wave (c) could be between 3050 to 3200$ levels