ETHUSD
An interesting perspective on ethers future moves, calculated with fibonacci extension, retracements and trend-based time extensions, along with EW.
We are in Wave 2 of the cycle timeframe, and according to EW principles on symmetry, a correction that is not deep (and symmetrical with price) will likely be symmetrical in time.
We can see the trend-based fibonacci time extension coincides with our 61.8 days market cycle indicator.
I think we will see sideways movement for a while, before commencing wave 5 of the cycle.
As for the forecast of price movements on this, this is an educated projection only, based on the golden ratio. I expect the price to follow this roughly, but not exactly.
Time will tell
We are in Wave 2 of the cycle timeframe, and according to EW principles on symmetry, a correction that is not deep (and symmetrical with price) will likely be symmetrical in time.
We can see the trend-based fibonacci time extension coincides with our 61.8 days market cycle indicator.
I think we will see sideways movement for a while, before commencing wave 5 of the cycle.
As for the forecast of price movements on this, this is an educated projection only, based on the golden ratio. I expect the price to follow this roughly, but not exactly.
Time will tell
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