Wave 1 : 880-1280
Wave 2 : Simple Flat Correction 1280-1013 , Fibonacci 70.7% (1st)
As per the alternation rule,wave 2 is simple and Dip so wave 4 may complex and shallow
Wave 3 : Fibonacci 261.8%(2nd) (1013-2034) we can see as per the 3rd wave personality, wave 3 is fast and steep.
Wave 4 : we know wave 4 is complex time consuming and shallow so we may see an ABCDE type of correction and it may end near Fibonacci 38.2(3rd) which is near 1640. SO we need patience to complete this complex correction in 2-3 month
Wave 5 : Fibonacci 61.8% (0-3) from the end of 4th wave. After completion of the 4th wave, we may get this level.
So the conclusion is ETH Long can hold with Stoploss below 1200 for the Target of 2300 soon.
Wave 2 : Simple Flat Correction 1280-1013 , Fibonacci 70.7% (1st)
As per the alternation rule,wave 2 is simple and Dip so wave 4 may complex and shallow
Wave 3 : Fibonacci 261.8%(2nd) (1013-2034) we can see as per the 3rd wave personality, wave 3 is fast and steep.
Wave 4 : we know wave 4 is complex time consuming and shallow so we may see an ABCDE type of correction and it may end near Fibonacci 38.2(3rd) which is near 1640. SO we need patience to complete this complex correction in 2-3 month
Wave 5 : Fibonacci 61.8% (0-3) from the end of 4th wave. After completion of the 4th wave, we may get this level.
So the conclusion is ETH Long can hold with Stoploss below 1200 for the Target of 2300 soon.