Ethereum (ETH/USD) EWP Analysis Update

in #cryptocurrency • 8 years ago

ETH/USD is continue downtrend in the market. İt has a three wave correction structure according to Elliott Wave Pattern. And Last C wave may be finished or downtrend continue to 540-550 USD levels. This level is %76.4 fibonacci retracement.

eth.png

Now Let's take a closer look at C wave. On a 4-hour chart, C wave has five wave. C waves consist of 5 waves.

eth2.png

Finally ETH/USD looks very close to completing the EWP structure and we can see to begin new uptrend

#crypto #ethereum #altcoin
8 years ago in #cryptocurrency by
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