ETH/USDT Elliott Wave count 4H TF
Ethereum may do another impulse up if this downside move is a compllex correction wxy,
I dont think is ended this impules to the upside and it will do another move up to for a 5th wave to complete this impulse.
I am watching for a bounce into that support zone soemhwere at 1790. If this support zone will be break I will not have to much coffidence in this count but If break down, another level of support for this count will be at 1640 @ 0.382 fib level. I will dont go to short ETH if those support levels wont be broken.
Also 1Ș1 proportion in this wxy it is at 0.236 fib resitance that I am watching this support level.
Good luck! I will post updates so if you like my analysis subscribe for my future updates.
I dont think is ended this impules to the upside and it will do another move up to for a 5th wave to complete this impulse.
I am watching for a bounce into that support zone soemhwere at 1790. If this support zone will be break I will not have to much coffidence in this count but If break down, another level of support for this count will be at 1640 @ 0.382 fib level. I will dont go to short ETH if those support levels wont be broken.
Also 1Ș1 proportion in this wxy it is at 0.236 fib resitance that I am watching this support level.
Good luck! I will post updates so if you like my analysis subscribe for my future updates.
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This is how it looks this WXY