Ethereum Counting Waves!!!
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Hi everyone, we are watching 😕dull😕 days these days, especially for people that hold their Coins.
I have to say, these days, most of the coins are on Corrective Structure, but I am trying to show u at least the Resistances and Supports that exist in front of coins.
Location: ETH finished Main wave 3 at 4370$ (We saw a great rally on this wave), then it started the Main wave 4. ETH is running on Main wave 4 (Zig zag 5-3-5) for about 41 days, and I think that Main wave 4 will take more time from us.
The microwave A has finished at 1866$ (impulsive== 5 waves).
We passed from microwave B by Contracting Triangle. The end of microwave B was at 2847$.
Now, we have to find the end of microwave C of Main Wave 4. I was able to find microwaves 1 & 2 of microwave C, and I think that we are on microwave 3 of microwave C of MainWave 4, right now.
Also, I have to say that Microwave C can NOT go down less than 1406$ == Elliott's rules will be violated (Wave 4 and Wave 1 can not have overlap).
The Microwave C can be finish like a leading expanding diagonal. In addition, probably microwave 4 of microwave C will Time correction (because microwave 2 of microwave C did price correction== This is not rule).
I tried to show you our Resistance Zones & Suppor Zones that we have in front of Ethereum.
Resistance zones on Ethereum's way:
Resistance zone 1: 2650$ until 2608$ (Resistance + Cluster of Fibs) == Light Resistance
Resistance zone 2 : 2935$ until 2822$ (Monthly Pivot Point + Cluster of Fibs + Resistance +Contracting Triangle's Target) == Heavy Resistance
Support zones on Ethereum's way:
Support zone 1 : 2260$ until 2237$ (Support + Cluster of Fibs) == Light Support
Support zone 2 : 2081$ until 2074$ (Support + Yearly Resistance 4) == Medium Support
Support zone 3 : 1900$ until 1865$ (Support + Cluster of Fibs) == Medium Support
Support zone 4 : 1640$ until 1590$ (Support + Cluster of Fibs + Yearly Resistance 3) == Heavy Support
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Good luck
I have to say, these days, most of the coins are on Corrective Structure, but I am trying to show u at least the Resistances and Supports that exist in front of coins.
Location: ETH finished Main wave 3 at 4370$ (We saw a great rally on this wave), then it started the Main wave 4. ETH is running on Main wave 4 (Zig zag 5-3-5) for about 41 days, and I think that Main wave 4 will take more time from us.
The microwave A has finished at 1866$ (impulsive== 5 waves).
We passed from microwave B by Contracting Triangle. The end of microwave B was at 2847$.
Now, we have to find the end of microwave C of Main Wave 4. I was able to find microwaves 1 & 2 of microwave C, and I think that we are on microwave 3 of microwave C of MainWave 4, right now.
Also, I have to say that Microwave C can NOT go down less than 1406$ == Elliott's rules will be violated (Wave 4 and Wave 1 can not have overlap).
The Microwave C can be finish like a leading expanding diagonal. In addition, probably microwave 4 of microwave C will Time correction (because microwave 2 of microwave C did price correction== This is not rule).
I tried to show you our Resistance Zones & Suppor Zones that we have in front of Ethereum.
Resistance zones on Ethereum's way:
Resistance zone 1: 2650$ until 2608$ (Resistance + Cluster of Fibs) == Light Resistance
Resistance zone 2 : 2935$ until 2822$ (Monthly Pivot Point + Cluster of Fibs + Resistance +Contracting Triangle's Target) == Heavy Resistance
Support zones on Ethereum's way:
Support zone 1 : 2260$ until 2237$ (Support + Cluster of Fibs) == Light Support
Support zone 2 : 2081$ until 2074$ (Support + Yearly Resistance 4) == Medium Support
Support zone 3 : 1900$ until 1865$ (Support + Cluster of Fibs) == Medium Support
Support zone 4 : 1640$ until 1590$ (Support + Cluster of Fibs + Yearly Resistance 3) == Heavy Support
My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Good luck
Note
ETH is running well.👍
Note
Nice run 🏃😎Note
Counting waves are playing Excellent (look at my chart😎)
New update.
Note
ETH Update.(Bearish AB=CD Harmonic Pattern)❗️
Timeframe 4h⏰
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