There has been a lot of news lately about Ethereum which I believe is one of the major reasons affecting the whole cryptocurrency market. How should we approach with technical analysis perspective?
Similar to Bitcoin, it seems like Ethereum is also having correction. I believe we are on wave B which I believe will reach around $780. After that there is high chance that we will have another drop as wave C. Since I believe we are in a bull market, truncated C where it lands on $710~$730, ending up higher than wave A, might be a possible scenario. However, if we break the bottom line of the channel, we are most likely to reach $660 which is my second target followed by my third target around $600. But I think we are most likely to not drop that far.
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Similar to Bitcoin, it seems like Ethereum is also having correction. I believe we are on wave B which I believe will reach around $780. After that there is high chance that we will have another drop as wave C. Since I believe we are in a bull market, truncated C where it lands on $710~$730, ending up higher than wave A, might be a possible scenario. However, if we break the bottom line of the channel, we are most likely to reach $660 which is my second target followed by my third target around $600. But I think we are most likely to not drop that far.
If you like my posts, please press thumbs-up button and follow me.
It really encourages me to share my TAs with you guys for free.
注释
Wow I nailed my prediction!
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제 모든 인사이트, 분석, 관점은 t.me/tommy_trading 에 가장 먼저 올라갑니다!
제 모든 인사이트, 분석, 관점은 t.me/tommy_trading 에 가장 먼저 올라갑니다!
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。