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WickHunter

ETHEREUM LOOKS BEARISH HERE ELLIOT WAVE THEORY CYCLE

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Ethereum (KRAKEN:ETHUSD)  
WickHunter Updated   
KRAKEN:ETHUSD   Ethereum
Elliott Wave Economic Cycles Beyond Technical Analysis Ethereum (Cryptocurrency) ETH ETHUSD ethshort ETHBTC Cryptocurrency
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elliottwaves economiccycle beyondta ethereum eth ethusd ethshort ethbtc cryptocurrency
Hello Traders,

Ethereum looks bearish here and is following a very similar retrace cycle to last time.

Watch this space as I update this idea.

Comment:
Look how both bounces hit the 0.5 fib, where the red arrow is pointing.

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Comment:
Also weekly 100MA is above price in a similar place and the weekly 200MA and 50MA also look similar in position.
Comment:
On the lower frames it looks like a H+S and there is a 6 and 1/2 year support line that looks like its going to get tested.

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Comment:
Targets if this breaks down.

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Comment:
I also think this will happen to the ETH/BTC pair.

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Comment:
That H+S formation I posted on July 31st finally broke down today.
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Comment:
The ETH/BTC pair price has moved into the area where I think it will make a HL. Lets see.
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