Here's How ETH goes to $3K: Elliot Wave

٢٩ مايو ٢٠٢٣

Hi Traders, Investors and Speculators of Charts📈📉

Ethereum has recently started a new bullish cycle along with the rest of the markets, predominantly led by BTC as always.
When we take a look at ETH from an Elliot Wave Theory analysis, we see the start of a new 12345 Wave cycle. ETHUSDT is currently trading in Wave 2-3, generally know as the longest/biggest wave of all the waves during the upward price action phase.

There are a couple of theoretical points to consider when using the Elliot Wave theory and we take a deep dive into the theory and conclude the possible end point of Wave 2-3 at 3k.

From a Technical Indicator analysis, we see a BUY signal flash on the weekly timeframe with CryptoCheck START V3.5:


The weekly TF together with this indicator is usually a great way to confirm the bias f bullish price action.


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٣ يونيو ٢٠٢٣

ملاحظة

ETH looks like the next near term target is $2300: