ETHUSD 1D
Ethereum always working with large volumes made a didactic Elliot pattern, which you can see on the chart. Right now we are accumulating to build momentum for a new Elliot sequel.
Another important point is that, despite the LTB having formed, ETH is very little time below the MM200, indicating an impulsive force towards it. Another technical factor that allows this LTB to break is the Ichimoku cloud being above it, also pulling it up. It just needs a big buyer impulse to guarantee the break of this LTB.
S-$1220.44
R-$1463.56
BRL 1620.40
BRL 1909.72 (MM200)
Another important point is that, despite the LTB having formed, ETH is very little time below the MM200, indicating an impulsive force towards it. Another technical factor that allows this LTB to break is the Ichimoku cloud being above it, also pulling it up. It just needs a big buyer impulse to guarantee the break of this LTB.
S-$1220.44
R-$1463.56
BRL 1620.40
BRL 1909.72 (MM200)
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