ETHEREUM LOOKS BEARISH HERE ELLIOT WAVE THEORY CYCLE

2023年7月30日

Hello Traders,

Ethereum looks bearish here and is following a very similar retrace cycle to last time.

Watch this space as I update this idea.

2023年7月30日

註釋

Look how both bounces hit the 0.5 fib, where the red arrow is pointing.

2023年7月30日

註釋

Also weekly 100MA is above price in a similar place and the weekly 200MA and 50MA also look similar in position.

2023年7月30日

註釋

On the lower frames it looks like a H+S and there is a 6 and 1/2 year support line that looks like its going to get tested.

2023年7月31日

註釋

Targets if this breaks down.

2023年7月31日

註釋

I also think this will happen to the ETH/BTC pair.

2023年8月17日

註釋

That H+S formation I posted on July 31st finally broke down today.

2023年10月25日

註釋

The ETH/BTC pair price has moved into the area where I think it will make a HL. Lets see.

4月5日

註釋

Its been 1 year, 5 months and 11 days since I updated this idea.

It looks like I timed the B wave way too early, but the chart still looks bearish and still looks to be following the typical Elliot wave theory retrace.