ETH Neowave - Elliott Wave Theory Analysis (Weekly - Long Term)
ETH, as I shared earlier, we could see a rally of C or E wave length. I was expecting wave G to go all the way to wave C, but it went all the way to wave E, so the new chart is like below.
We saw this price similarity in wave G, proving that the structure is symmetrical, so I think we are now in a wave H correction. It would not be surprising to see a similar rally afterwards.
With the help of the volume profile here, the common target zone is $1920, given the similarity between the D and H waves and the zone where traders are expected to buy for the H wave.
We will continue weekly posts here. Stay tuned.
We saw this price similarity in wave G, proving that the structure is symmetrical, so I think we are now in a wave H correction. It would not be surprising to see a similar rally afterwards.
With the help of the volume profile here, the common target zone is $1920, given the similarity between the D and H waves and the zone where traders are expected to buy for the H wave.
We will continue weekly posts here. Stay tuned.
