ETH is going down soon
ETH is going to complete a symmetrical ABCDE triangle at 2823$. The symmetrical ABCDE triangle occure mostly at the 4th wave and indicate continuation of the trend. The 55 EMA (yellow) is moving also at that price level and obviosly act as resistance since 23 December 2021. The reactive wave 2 corrected at 0.886 Fibo level and the actionary 3th wave is very extended touching the 2.618 Fibo level so according to Fibo rules we can expect the 5th wave to be 1 or 1.618 or 2 the size of the 1th wave. Please take into consideration that the 3th wave is very extended so the 5th wave most likely will be truncated.
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