Elliott Wave Technical Analysis: Ethereum

Ethereum logo

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Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave A

Direction Next higher Degrees: Impulse wave (II)

Details: A decrease in wave ((A)) first increases in wave ((B)) and decreases again in wave
((C)).

Wave Cancel invalid Level: 887.02

Ethereum(ETHUSD) Trading Strategy: The price range tends to test resistance at 1722 and continue downward in wave C, providing a short-term trading opportunity in the downtrend.

Ethereum(ETHUSD) Technical Indicators: RSI to test bearish resistaresistan

ETHUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Flat

Position: Wave (4)

Direction Next higher Degrees: Sub-wave in wave ((A)) of Zigzag

Details: A decrease in wave ((A)) first increases in wave ((B)) and decreases again in wave ((C)).

Wave Cancel invalid Level:

Ethereum(ETHUSD)Trading Strategy: The price range tends to test resistance at 1722 and continue downward in wave C, providing a short-term trading opportunity in the downtrend.

Ethereum(ETHUSD) Technical Indicators: MACD bullish divergence signal

ETHUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave A

Direction Next higher Degrees: Impulse wave (II)

Details: A decrease in wave ((A)) first increases in wave ((B)) and decreases again in wave ((C)).

Wave Cancel invalid Level: 887.02

Ethereum(ETHUSD) Trading Strategy: The price range tends to test resistance at 1722 and continue downward in wave C, providing a short-term trading opportunity in the downtrend.

Ethereum(ETHUSD) Technical Indicators: RSI to test bearish resistance.

ETHUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Flat

Position: Wave (4)

Direction Next higher Degrees: Sub-wave in wave ((A)) of Zigzag

Details: A decrease in wave ((A)) first increases in wave ((B)) and decreases again in wave ((C)).

Wave Cancel invalid Level:

Ethereum(ETHUSD)Trading Strategy: The price range tends to test resistance at 1722 and continue downward in wave C, providing a short-term trading opportunity in the downtrend.

Ethereum(ETHUSD) Technical Indicators: MACD bullish divergence signal.