Well kind of ultra bullish, one would assume. Lets take a look what we've got.
1) Possible finished expanded flat ABC setting a fake new ATH back in nov 21 with a perfect ABC ending on 1.618 as well as C ending beyond 4.236
2) The first leg in 2019 had been corrected hard to almost 1.0fib, assuming the correction of the third leg will be mild
3) Recent correction has been holding strong above 0.382 launchpad
4) IF this move since the 2022 low would be still corrective, it would be the by far timewise most expanded corrective reversal pattern for ETH EVER
5) Currently has r/s flipped 1700$ range as support
IF still corrective, 0.618 - 0.886 should be visited before next leg down
IF already in new uptrend 1.272/1.618 be right next on the menu
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Hold my beer pls
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No financial advice, do your own research, don't be stupid
1) Possible finished expanded flat ABC setting a fake new ATH back in nov 21 with a perfect ABC ending on 1.618 as well as C ending beyond 4.236
2) The first leg in 2019 had been corrected hard to almost 1.0fib, assuming the correction of the third leg will be mild
3) Recent correction has been holding strong above 0.382 launchpad
4) IF this move since the 2022 low would be still corrective, it would be the by far timewise most expanded corrective reversal pattern for ETH EVER
5) Currently has r/s flipped 1700$ range as support
IF still corrective, 0.618 - 0.886 should be visited before next leg down
IF already in new uptrend 1.272/1.618 be right next on the menu
---
If you like my content, if it helps you gain profit, give it a like!
Thanks!
---
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
Comment:
of course a break down of this possible current flag = bad
Trade closed: target reached