Elliott Wave Technical Analysis: Ethereum, Sept. 13

Bullish's efforts to drive ethereum prices higher however the cryptocurrency failed to break through key resistance at 1800, allowing bearish sentiment to push the market down again, which presents a trading opportunity below 1400.

Ethereum (ETH-x)

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Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave ((B))

Direction Next higher Degrees: Impulse wave (II)

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

Wave Cancel invalid Level: 2022.93

Ethereum (ETHUSD) Trading Strategy: Bullish's efforts to drive prices higher. Failed to break through the resistance at 1800, allowing bearish sentiment to push the market

down again. Trading opportunity below 1400

Ethereum (ETHUSD)Technical Indicators: MACD Histogram has a hidden bearish

divergence ,the price has an opportunity reversal.

Ethereum (ETHUSD)

ETHUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave ((B))

Direction Next higher Degrees: Impulse wave (II)

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

Wave Cancel invalid Level: 2022.93

Ethereum (ETHUSD) Trading Strategy: Bullish's efforts to drive prices higher however it

failed to break through the key resistance at 1800, allowing bearish sentiment to push the market

down again. Trading opportunity below 1400.

Ethereum (ETHUSD) Technical Indicators: MACD Histogram has a bearish

divergence, the price has an opportunity reversal.


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