Elliott Wave Technical Analysis: Ethereum, Monday, Nov. 7

Elliott Wave Analyst - tradinglounge • Nov 7, 2022 at 5:36 AM EST

All in a day. Ethereum seems headed for a sub-wave of Wave ((1)), the rise Wave 5 is usually .618 x wave 1 through wave 3 at 1795. but must not reverse.

ETHUSD Day Crypto Chart

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Monday, November 7, 2022

ETHUSD (ETH-X) Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (5)

Direction Next higher Degrees: Sub-wave of Wave ((1))

Details: the rise Wave 5 is usually .618 x wave 1 through wave 3 at 1795. but must not reverse below 1502.

Wave Cancel invalid Level: 1502.

ETHUSD H4 Crypto Chart

ETHUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (5)

Direction Next higher Degrees: Sub-wave of Wave ((1))

Details: the rise Wave 5 is usually .618 x wave 1 through wave 3 at 1795. but must not reverse below 1502

Wave Cancel invalid Level: 1502.

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