Ethereum(
ETHUSDT) fell to the Support zone($3,538-$3,442) and Support lines as I expected in the previous idea.
Ethereum is currently trading near the Support zone($3,538-$3,442), Support lines, and Cumulative Long Liquidation Leverage($3,559-$3,524).
In terms of Elliott Wave theory, it seems that Ethereum has completed the main wave 4. The main wave 4 has an Expanding Flat structure(ABC/3-3-5). To confirm the main wave 4, we must wait for the Resistance zone($3,771-$3,677) and Resistance lines to be broken.
I expect Ethereum to trend higher in the coming hours and attack the Resistance lines and Resistance zone($3,771-$3,677).
Cumulative Short Liquidation Leverage: $3,672-$3,645
Note: Stop Loss: $3,450 =Worst
Please respect each other's ideas and express them politely if you agree or disagree.
Ethereum Analyze (ETHUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ethereum is currently trading near the Support zone($3,538-$3,442), Support lines, and Cumulative Long Liquidation Leverage($3,559-$3,524).
In terms of Elliott Wave theory, it seems that Ethereum has completed the main wave 4. The main wave 4 has an Expanding Flat structure(ABC/3-3-5). To confirm the main wave 4, we must wait for the Resistance zone($3,771-$3,677) and Resistance lines to be broken.
I expect Ethereum to trend higher in the coming hours and attack the Resistance lines and Resistance zone($3,771-$3,677).
Cumulative Short Liquidation Leverage: $3,672-$3,645
Note: Stop Loss: $3,450 =Worst
Please respect each other's ideas and express them politely if you agree or disagree.
Ethereum Analyze (ETHUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.