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

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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