Hello everyone,
Since my last analysis about ETH, we saw version 2 pushing through (please check link below). It seems that the region between 188$ and 120$ is an important key-level (basement). From an Elliott-wave perspective I would think that the last wave 5 of 5 of Y of 2 isn’t completed yet, so we have eventually the last mile to go in front: 120$ as a perfect turning- and entrypoint.
BUT: if 120$ will not hold, eth will go down to about 80$ or even 50$. We should keep that in mind and assess this later on, when we have more information about the wave structure.
Take care,
tgo
Since my last analysis about ETH, we saw version 2 pushing through (please check link below). It seems that the region between 188$ and 120$ is an important key-level (basement). From an Elliott-wave perspective I would think that the last wave 5 of 5 of Y of 2 isn’t completed yet, so we have eventually the last mile to go in front: 120$ as a perfect turning- and entrypoint.
BUT: if 120$ will not hold, eth will go down to about 80$ or even 50$. We should keep that in mind and assess this later on, when we have more information about the wave structure.
Take care,
tgo
HK-Capital-Management
