What price could Ethereum reach in this miniuptrend?
Hey guys, I suppose that now is time to stop making new buy orders and focus on taking profits from your current positions. Similar to BTC's Elliott waves, ETH is running in wave 5 of this miniuptrend.
So easy to see ETH's 5th wave is a kind of wave extension. To this kind, the length of wave 5 is expected to be 1.618 times the length from the start of wave 1 to the end of wave 3. Based on this, we can expect the price of ETh in the mini-uptrend is around 2400 USD.
Besides, there are two things which support this view:
1. 2400USD is the price just below the major resistance area that runs from Jan 2022 to May 2022.
2. ETH's previous mini-uptrend lasted about 194 days from December 14, 2018 to January 26, 2019 and the current mini-uptrend has been lasting 147 days so far.
Don't forget to like, share and follow me. Many attractive things ahead!
So easy to see ETH's 5th wave is a kind of wave extension. To this kind, the length of wave 5 is expected to be 1.618 times the length from the start of wave 1 to the end of wave 3. Based on this, we can expect the price of ETh in the mini-uptrend is around 2400 USD.
Besides, there are two things which support this view:
1. 2400USD is the price just below the major resistance area that runs from Jan 2022 to May 2022.
2. ETH's previous mini-uptrend lasted about 194 days from December 14, 2018 to January 26, 2019 and the current mini-uptrend has been lasting 147 days so far.
Don't forget to like, share and follow me. Many attractive things ahead!
Trade fechado manualmente
This miniuptrend is over!
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.