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lordachita

ETH, upgraded, with TP 2222

Ethereum / TetherUS (BINANCE:ETHUSDT)  
lordachita Updated   
BINANCE:ETHUSDT   Ethereum / TetherUS
Wave Analysis neowaveanalysis
5
1
waveanalysis neowaveanalysis
With a clearly flat structure in the major trend (of the graph), the first target price is 2222.
Comment:
Hi everyone,

One might be curious about the sell-off in the previous candlestick. As shown in the graph
snapshot
the price reached the 1.236 Fib Proj. However, I still maintain the target at 1.382 Fib Proj, which coincides with the projection of the major correction. One could also consider opening a short position if the price fails to hold at 1970.

Happy Trading!
Comment:
Hi everyone,

Unfortunately, ETH seems not to have reached the 2200 level and has dropped below the uptrend line.
See:
snapshot

The good news is that it now retraces from 1920 and tries to reach the 2000 level.
See:
snapshot

With the time constraint from flat structure, one could consider taking a short position if the price is unable to surpass 2000 (which is my current bias) or 2058.
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