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Ethereum
Short

Last days of rally

By Steffro
Updated
I might be wrong about this, but I think ETHUSD will turn around either today or tomorrow: The crossing point between Gann Fan, The inner arc, Fib level 0.618 gives us exactly the same.

Those same theories might also give us a clue where the 5.wave will appear...
Note
A close up of the 4.wave:

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Note
Another close up. It looks like the inner arc was strong enough to kick it down.

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Trade active
I think the turning point is still a bit early in a longer perspective. Especially such a big fall as we have seen this day - It's too dramatic. The buyers will probably win and a bull trap will appear (The local D. wave). I have drawed a curved line which I think is the most likely scenario the next days. It will be a turbulent ride befor it will descend slowely.

It's just a clear guess! :D

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Trade active
Half away from the last wave before turning down. I've added a global Gann Square which gives a new arc in the same area. Maybe this is the next turning point?

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Trade active
After some sideway moves I think we are about to reach the turning point:

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Trade closed: target reached
The inner arc is crossed. Next resistance is tje global Gann line (blue diagonal line)

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Note
Target still active**
Trade active
I think the rally is over now:D

It bounced at the outer arc from the Gann Square:

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Order cancelled
GannHarmonic PatternsWave Analysis
Steffro

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