Ethereum
Hello and a warm welcome to this analysis on ETHUSDT
Let's 1st have a look at what it has done from MAY 2021 onwards
From MAY 2021 till July 2021 it completed an abcde corrective triangle and in the process made a Bullish Harmonic Deep Crab Pattern.
This was followed by a strong reversal till early NOVEMBER where it completed a Bearish Harmonic AB=CD pattern.
From there it started a sharp correction and today it made a Bullish Harmonic Reciprocal AB=CD pattern giving some relief to those long.
Now lets try to see the outlook going forward
It appears that 3300 will be tested again and then a small bounce back to 4200-4300 from where another round of selling will come taking it to 2500 over the next few weeks.
Let's 1st have a look at what it has done from MAY 2021 onwards
From MAY 2021 till July 2021 it completed an abcde corrective triangle and in the process made a Bullish Harmonic Deep Crab Pattern.
This was followed by a strong reversal till early NOVEMBER where it completed a Bearish Harmonic AB=CD pattern.
From there it started a sharp correction and today it made a Bullish Harmonic Reciprocal AB=CD pattern giving some relief to those long.
Now lets try to see the outlook going forward
It appears that 3300 will be tested again and then a small bounce back to 4200-4300 from where another round of selling will come taking it to 2500 over the next few weeks.
Trade fermée: cible de profit atteinte
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
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.
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
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.