ETHEREUM LOOKS BEARISH HERE ELLIOT WAVE THEORY CYCLE

30 thg 7, 2023

Hello Traders,

Ethereum looks bearish here and is following a very similar retrace cycle to last time.

Watch this space as I update this idea.

30 thg 7, 2023

Ghi chú

Look how both bounces hit the 0.5 fib, where the red arrow is pointing.

30 thg 7, 2023

Ghi chú

Also weekly 100MA is above price in a similar place and the weekly 200MA and 50MA also look similar in position.

30 thg 7, 2023

Ghi chú

On the lower frames it looks like a H+S and there is a 6 and 1/2 year support line that looks like its going to get tested.

31 thg 7, 2023

Ghi chú

Targets if this breaks down.

31 thg 7, 2023

Ghi chú

I also think this will happen to the ETH/BTC pair.

17 thg 8, 2023

Ghi chú

That H+S formation I posted on July 31st finally broke down today.

25 thg 10, 2023

Ghi chú

The ETH/BTC pair price has moved into the area where I think it will make a HL. Lets see.