Ethereum Short-Term Wave Count (12% Target Mapped)

Ethereum is recovering from a classic ABC correction...
Let's read the chart.

A low was hit 13-June which lead to a bullish impulse.

We can see the 0.382 Fib. retracement level being activated as support on the 4th wave.

We can see the RSI reaching oversold and starting to recover as prices move above EMA10.

If the count is right, as prices move and close above the fib. support and moving average, ETHUSD should move beyond $1330 next.

You can find the target and additional details on the chart.

Namaste.

評論:

The next Fib. support level is being challenged at $1136.
Next support is set at $1103.

We are bullish above the 30-June low set at $997.
Bearish the below this level.