Hello, Skyrexians!
ETHUSDT was a huge underdog last 4 month on the bearish phase, but recently it started to gain power, on the recent dump it has not showed correction.
On the daily chart we can see that price has printed 5 waves Elliott cycle. Wave 3 corresponds to the minimum Awesome oscillator. After that wave 5 has finished this cycle with divergence. The conservative bounce target is $3000 at 0.61 Fibonacci level, but we have one problem here. AO did not crossed zero line at wave 4, so we can be in wave 4 only now, in this case another one lower low will happen. We need to count sub waves every day. Wait for our updates.
Best regards,
Ivan Skyrexio
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
ETHUSDT was a huge underdog last 4 month on the bearish phase, but recently it started to gain power, on the recent dump it has not showed correction. On the daily chart we can see that price has printed 5 waves Elliott cycle. Wave 3 corresponds to the minimum Awesome oscillator. After that wave 5 has finished this cycle with divergence. The conservative bounce target is $3000 at 0.61 Fibonacci level, but we have one problem here. AO did not crossed zero line at wave 4, so we can be in wave 4 only now, in this case another one lower low will happen. We need to count sub waves every day. Wait for our updates.
Best regards,
Ivan Skyrexio
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
Penerbitan berkaitan
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.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
Penerbitan berkaitan
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.