UnknownUnicorn3585861

UnknownUnicorn3585861

- fractals similarity - bounced from 0.786 fib level last time - green lines possible targets

UnknownUnicorn3585861

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UnknownUnicorn3585861

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UnknownUnicorn3585861

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UnknownUnicorn3585861

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UnknownUnicorn3585861

5M

UnknownUnicorn3585861

- looks like ETH completed its correction in form of a Zig Zag (5-3-5 wave structure) - primary correction wave C bounced and probably found its bottom at the 0.618 extension of Wave A, which confirms a valid Zig Zag. - also i marked the cyan colored triangle in the intermediate wave 4, which is typical and often seen in the fourth wave according to Elliott...

UnknownUnicorn3585861

- short term: Not Sure if wave D is already finished, can have a bit more upward movement to resttest previous high (analogy to BTC, but looks weak to me) - After wave D is finished, downward movement ahead - probably will find support at 0.88 fib - mid-long term: If wave E bounces, Falling Wedge Pattern has a possibility to outbreak bullishly upwards.