ETHUSDT - What to expect
The crypto giant Ethereum has started a downtrend since November 2021 and after completing wave 5 of Elliott. An AB-CD target has been hit accurately on June 19, 22 which could be a reversal point target areas near 2378.
The speculations here have an unusual habit that need to be taken into consideration. After the completion of any patterns, there is another one in progress which may signify more control or more acquisition of coins by speculators (accumulation). In March 19, 22, look at the double bottom formed after the completion of inverse Head and shoulders which it hits the target very accurately. Also, after the completion of harmonic pattern in June 19, an ascending right angle has been formed and ultimately reached beyond its bullish target.
Ethereum is now at the apex of a symmetrical triangle and right before that there was a top bearish head and shoulders (not an ideal one though) so it could be a distribution who knows. FYI, RSI also shows a technical weakness!
Here is the possible scenario: either it goes very bearish to target mid price channel 640 by breaking down the triangle, or hits the harmonic wave reversal target of 2378.
The speculations here have an unusual habit that need to be taken into consideration. After the completion of any patterns, there is another one in progress which may signify more control or more acquisition of coins by speculators (accumulation). In March 19, 22, look at the double bottom formed after the completion of inverse Head and shoulders which it hits the target very accurately. Also, after the completion of harmonic pattern in June 19, an ascending right angle has been formed and ultimately reached beyond its bullish target.
Ethereum is now at the apex of a symmetrical triangle and right before that there was a top bearish head and shoulders (not an ideal one though) so it could be a distribution who knows. FYI, RSI also shows a technical weakness!
Here is the possible scenario: either it goes very bearish to target mid price channel 640 by breaking down the triangle, or hits the harmonic wave reversal target of 2378.
交易進行
watch out for the upcoming resistances highlighted in the chart.
交易進行
Target one achieved. It is also a resistance.
註釋
`Top head n' shoulders is in progress, and volumes are ideal! however, short can only be confirmed if support (neckline) is broken down. At a top of the formation, there is a strong resistance that the coin could not penetrate three times. 1562 is a trigger point here. let's see if ETH could cross over it.
交易進行
Ascending triangle has been formed (some chartists perceive it as a rising wedge) well if it is a rising wedge, then it is bearish. But I don't count the wicks!
註釋
Since many have shorted the coin, it is a great opportunity for an accumulation! Respect to the giant crypto coin.註釋
hit the second target!交易進行
註釋
Following the BTC, Ethereum has also completed a top h&ss pattern in which neckline is not broken down. Short is only confirmed when neckline is broken. 交易結束：目標達成
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。