The ETHUSD completed ABC correction and bounced at $82.00 psychological level after the Major bullish impulsive 1-5 wave.
.
Price has then reversed to start a new impulsive move which can be major wave "C" or "3".
.
Currently, the price seems to have completed Minute Wave 2 corrective structure which unfolds as a regular flat pattern at a significant swing level and Fib ratio 50% - 61.8%, which could indicate the continuation of the uptrend if price manages to break above Minuete Wave (iv) of c black.
.
Price has the potential to make a bullish bounce from this current level considering the Wave (v) of C is completed, and the main targets are the Fibonacci Extension levels 1.00 ($197) and 1.618 ($248).
.
We will wait for the price to break above Minuete wave (iv) "black" to take advantage of the pending bullish move.
.
Thanks for reading!
.
Price has then reversed to start a new impulsive move which can be major wave "C" or "3".
.
Currently, the price seems to have completed Minute Wave 2 corrective structure which unfolds as a regular flat pattern at a significant swing level and Fib ratio 50% - 61.8%, which could indicate the continuation of the uptrend if price manages to break above Minuete Wave (iv) of c black.
.
Price has the potential to make a bullish bounce from this current level considering the Wave (v) of C is completed, and the main targets are the Fibonacci Extension levels 1.00 ($197) and 1.618 ($248).
.
We will wait for the price to break above Minuete wave (iv) "black" to take advantage of the pending bullish move.
.
Thanks for reading!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.