Ethereum Elliott Wave Analysis

in #ethereum • 5 years ago

Ethereum is coming even higher in the 4-hour chart as expected, but notice that it's running out of steam, so we are still tracking final stages of a potential ending diagonal (wedge) pattern within wave (5) that can stop here around 5000 level and from where we should be aware of bigger and deeper decline at least in three waves. Broken channel and 3900 level would be definitely signal for top/resistance.
ETHUSD 4h Elliott Wave Analysis

eth4.png

#crypto #elliottwave
5 years ago in #ethereum by
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