⚖️Does Ethereum repeat the sixth movement(6)❗️❓⚖️

22 de mar. de 2023

Today let's take a closer look at Ethereum in the weekly time frame. Do you see similar movements❗️❓

As you know, the price movement depends to some extent on the previous movements, so if we want to compare the previous 6 movements of Ethereum in the first correction phase with the current 6 movements, We should look for evidence and similar movements.🔎🔍

⚖️Similar movements⚖️:

• The movements of Ethereum microwaves in the correction phases are almost similar to each other.
  

• The third movement (3) in both moves are 50% Fibonacci movement 1-2.
  

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• The fourth movement (4) in both moves are 78.8%-61.8% Fibonacci movement 2-3.
  

• The fifth movement (5) in both moves are 78.8% Fibonacci movement 3-4.
  

• The fifth movement (5) in both moves are 61.8% Fibonacci(Extension) movements 2-3-4.
  

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• The angles of both support lines are almost equal.
  

There seems to be good evidence that these two corrective moves are very similar, so we can expect the sixth movement (6) to be perhaps a bit slower than the first corrective movement (the sixth movement (6) was sharper under the influence of 🦠Covid🦠).

Ethereum Analyze ( ETHUSD ), Weekly time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.

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22 de mar. de 2023

Nota

Do you agree with me?