From a technical point of view, this count predicts a Top formed by an irregular B wave, and this swing should call an impulsive structure (i-ii-iii-iv-v), before a new rally. With that in mind, I have shown the main support (1.065 area) on the chart. The first resistance is wave A, if we manage to break it, this pattern could fail and confirmation will be given by the daily close above wave I. If this scenario appears, we will wait for a deep pullback and look for a long position.
As long as the price action remains above the support the trend is bullish.
My last analysis about Ethereum is very similar:
(Click & Play on Chart below)
As long as the price action remains above the support the trend is bullish.
My last analysis about Ethereum is very similar:
(Click & Play on Chart below)
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