ETH Correction
We are currently in a correction phase and lines up with our downward channel.
Based on the Elliot wave theory, we should be on our last leg of the downward movements. Currently sitting on a support level that doesn't have much conviction and if we see moves past this support, we can see trades coming to the 1580 range where our next strongest support line is.
Based on the Elliot wave theory, we should be on our last leg of the downward movements. Currently sitting on a support level that doesn't have much conviction and if we see moves past this support, we can see trades coming to the 1580 range where our next strongest support line is.
Note
Well our drop to our levels happened faster than expected.Good time to buy in for a swing long.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.