New All Time High? 💥
We are ready! The crypto community is ready! The whales are ready!
But not so fast. This doesn't mean the bulls are ready to take on to new all-time highs. Before Ethereum is poised to set out to new highs, we need to complete the current correction pattern. As long es we don't see prices dropping to at least $288, the light for another Rallye will not turn green just yet. This correction is absolutely crucial for further upward movements. We highlighted the potential turnaround zone in yellow. We are looking to build up long term trades in this region. To continue the journey to $288, the bears need to stay below the red line at $450.70. If the correction pattern of wave 2 in blue is properly completed, the way for another impulse is paved.
The next weeks will be exciting! Stay tuned for further updates!
Discussions Welcome, happy trading!
But not so fast. This doesn't mean the bulls are ready to take on to new all-time highs. Before Ethereum is poised to set out to new highs, we need to complete the current correction pattern. As long es we don't see prices dropping to at least $288, the light for another Rallye will not turn green just yet. This correction is absolutely crucial for further upward movements. We highlighted the potential turnaround zone in yellow. We are looking to build up long term trades in this region. To continue the journey to $288, the bears need to stay below the red line at $450.70. If the correction pattern of wave 2 in blue is properly completed, the way for another impulse is paved.
The next weeks will be exciting! Stay tuned for further updates!
Discussions Welcome, happy trading!
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