ETHEREUM LOOKS BEARISH HERE ELLIOT WAVE THEORY CYCLE

2023년 7월 30일

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.

2023년 7월 30일

노트

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

2023년 7월 30일

노트

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

2023년 7월 30일

노트

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.

2023년 7월 31일

노트

Targets if this breaks down.

2023년 7월 31일

노트

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

2023년 8월 17일

노트

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

2023년 10월 25일

노트

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