ETH/BTC after correction and in triangle formation.

in #cryptocurrency6 years ago

Ethereum ended wave "C" and 1 st smaller wave. It entered wave 2, as being bearish one, price has started to fall slightly.
In bigger scale we are waiting for breakouts from this triangle formation.
That move "E" might be the ending one (there's a lot breakouts after "E" wave).

ETH BTC.jpg

In smaller scale, as mentioned earlier, we ended 5th wave and entered ABC bearish move.
If we are in wave "C" we have to pay attention to 1st and 2nd support level, as price often bounce upwards in smaller wave 4 range.

ETH BTC2.jpg

In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).

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