Ethereum ETH is about to flash insane short signal!

5 thg 1, 2023

Hello, dear friends!

Yesterday we told about Bitcoin , which has to show us just another one leg up before crash. We have almost the same picture on Ethereum , but it has more crash potential and we are going to use it. I decided to open short not only on BTC , but also on ETH . Today I am going to show you the exact level.

Let’s take a look at the 1h time frame of the ETHUSDT chart . Here we can also see that the wave 3 has been finished and now the asset is trying to find the wave’s 4 bottom. Wave 4 has 3 end conditions:

Awesome oscillator zero level crossover.
Reaching the Fibonacci 0.38-0.5 zone.
Reaching the wave 4 bottom of the lower gegree wave cycle in the wave 3.

Conditions 1 and 3 have been met. I suppose that price should squeeze down to $1237 before the wave 5 start.

Let’s measure the target for wave 5. Wave 3, obviously was extended, that’s why wave 5 will be ordinary. It has the two targets: wave’s 1 length and wave’s 1 lenght multiplied by 1.61. To set the new high the second target should be the case. Therefore, $1274 is my target to short the ETH . Watch out my updates, I will show the underlying structure of wave 5 to have the sniper short trade entry.

Best regards, Ivan

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