TheNewsCrypto

Ethereum Will Hit 990$?

Short
TheNewsCrypto Mis à jour   
BINANCE:ETHUSDT   Ethereum / TetherUS
Ethereum Analysis

Ethereum Falling Wedge Analysis 🔥🔥🔥

The above chart of Ethereum laid out a Falling Wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing. From the above chart, we can interpret that the momentum of the downtrend is slowing down.

Ethereum is currently trading around $1296. If the pattern broke through the resistance, the price of Ethereum might reach the resistance levels of $1800. If the trend reverses, then the price of Ethereum may fall to $990

Elliot Wave : Corrective Wave (Running Triangle)

Triangle is the third kind of corrective structure , Made up of Five Wave : A,B,C,D & E. It follows a 3-3-3-3-3 wave structure . All waves sub divide into 3 sub waves. Waves B usually overshoots the origin of wave A


So as per the wave structure we may see fall in the Ethereum till 990 $

Happy Trading
Transaction en cours
Transaction en cours
Commentaire:
Pattern breakout

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.