ETH : Following BTC, Elliot Correction Wave $2700

18 באפר׳

📉Hi Traders, Investors and Speculators of Charts📈

ETH is currently following BTC along with the rest of the crypto market into a correction wave. By following Elliot Wave Theory, we can find a target for a potential bounce zone for the current corrective pattern.

Ideally, we'd want to see a successful bounce from the 50d moving averages here (green), but a wick towards the 100d (turquoise) will not be unusual:


Here are my thoughts on Ethereum from a MACRO outlook, for future potential targets:

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