Forecast for
ETH
: The wave movement of
ETH
is very clear on the daily timeframe, with a zigzag correction wave countering the impulsive increase from $2200 to $4100. It's almost similar to BTC's impulsive increase being responded to with zigzag correction waves.
Let's do something: the perfect dip area is $2400 on the first touch, but it's still susceptible to selling pressure forming a "swing failure pattern" or wick pressure, which will form several patterns from bull divs or IH&S.
The last support dip is around $2111, because if a breakdown occurs with full volume in that area, it will lead to bearish momentum. But 90% of the time, this doesn't happen in the phase after halving.
Safety waves in the market—don't become a liquid man ❤️