$ETH/USDT | 8H |
🗺 Market Situation
#Ethereum price has been stuck under 2k level for quite some time and it seems the whole ranging price was part of a complex pattern with inner legs.
🕯 Outlook
Currently we expect price to finish the final correctional leg of its inner (abc) correction before it is ready to make another bullish attempt.
⚠️ Key Level
The key level for this analysis is where wave (c) of the inner (abc) pattern ends. That's where the new wave for the bigger pattern is expected to start. This support needs to hold if #Ether is bound to attempt to retake 2k level.
LINK IN BIO FOR MORE TRADES 🆓
#ETH #ETHBlockchain
🗺 Market Situation
#Ethereum price has been stuck under 2k level for quite some time and it seems the whole ranging price was part of a complex pattern with inner legs.
🕯 Outlook
Currently we expect price to finish the final correctional leg of its inner (abc) correction before it is ready to make another bullish attempt.
⚠️ Key Level
The key level for this analysis is where wave (c) of the inner (abc) pattern ends. That's where the new wave for the bigger pattern is expected to start. This support needs to hold if #Ether is bound to attempt to retake 2k level.
LINK IN BIO FOR MORE TRADES 🆓
#ETH #ETHBlockchain