Ethereum (ETHUSDT) | good area to climb📍Hello traders, Ethereum in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on the number of waves we had, the main waves 1 and 2 are certainly over, and in the case of wave 3, I must say that it is complete in our opinion.
Let's look at wave 4:
We see wave 4 starting, because wave 3 is in a good position compared to wave 1, and also the price has broken the orange trend line downwards, giving us confirmation for the start of wave 4.
Structurally, wave 4 will not have much depth compared to wave 2, and in terms of time it is too long or too short.
For this reason, we consider the correction of a triangle and from this correction a wave is being formed.
From wave a, we assume that the microwaves a and b are completed and we are now inside wave c, and when the range 3750 is broken down, we will be sure of the beginning of this wave, and we will consider its target as the motion of wave a.
This move took place and the descent formed and now we are waiting for the ascent for wave b.
But if the Fibonacci 0.38 is broken downwards, the movement will continue until the Fibonacci 0.50, which is abnormal in our opinion.
So we give the probability of climbing from this discomfort to around 3900.
Our view is that if the warning range (4500) is broken, the field is analyzed and these waves are part of the 3 main wave.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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