■Outlook of ETHUSD on 12h chart.
I think we are on wave(5) shown as Orange-line.
Sub-wave of Wave(5) is shown by Green-line.
Sub-wave of Wave(5) is probably an Impulse.
By the way, Wave(3) was 2.618 times more than wave(1), the expansion of Wave(3) was not enough.
so, the Impulse shown as Orange line will probably be an impulse where the 5th wave is extended.
If the assumption is correct, the target of wave(5) will be 2,540.
In this scenario, the stop loss level is 1,487.
The more detailed movement can be seen on the detailed chart below.
■ Short-term analysis, 4h.
Last time my idea.
■Sep 7, 2022. Long-term analysis.
I think we are on wave(5) shown as Orange-line.
Sub-wave of Wave(5) is shown by Green-line.
Sub-wave of Wave(5) is probably an Impulse.
By the way, Wave(3) was 2.618 times more than wave(1), the expansion of Wave(3) was not enough.
so, the Impulse shown as Orange line will probably be an impulse where the 5th wave is extended.
If the assumption is correct, the target of wave(5) will be 2,540.
In this scenario, the stop loss level is 1,487.
The more detailed movement can be seen on the detailed chart below.
■ Short-term analysis, 4h.
Last time my idea.
■Sep 7, 2022. Long-term analysis.
