EthereumLong
ETHUSD Long Opportunity
Hello traders !
We can see a nice rejection of 0.618 fibonacci level and possible double bottom pattern. I expect price to rise to -0.272 fibonacci extension level.
WHY ?
Because based on the Elliot Wave Theory we need the last wave there before A-B-C correction. We are also in a rising trendline channel so we are looking only for buy opportunities. Also AB=CD pattern indicates us that price will (probably) rise to that -0.272 fibonacci level.
Thank you for reading !
We can see a nice rejection of 0.618 fibonacci level and possible double bottom pattern. I expect price to rise to -0.272 fibonacci extension level.
WHY ?
Because based on the Elliot Wave Theory we need the last wave there before A-B-C correction. We are also in a rising trendline channel so we are looking only for buy opportunities. Also AB=CD pattern indicates us that price will (probably) rise to that -0.272 fibonacci level.
Thank you for reading !
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.