Posts

Ethereum on the rise? Update SHS - Elliot Waves - Target $ 270 or $ 280?

avatar of @criptoar
25
CriptoAr
@criptoar
·
0 views
·
3 min read

Ethereum touched the first target range set 3 days ago

Today we update the targets according to Elliot waves

Let's see

Graphic Today

Graphic 3 Days Ago

Analysis according to SHS

We announced 3 days ago that Ethereum had broken the $ 220 resistance. This has been a resistance for almost a month In that month I had formed an SHS and had broken it

If we measure the height of the figure and project it from the support, we can determine a target for this figure at $ 250

Analysis according to Elliot

Analyzing the chart, we see that measuring the last bullish cycle with the Fibonacci retracement gives us that the price touches 0.382 and rebounds. This type of pullback occurs in 4 waves, 5 waves of the bullish cycle.

We can see in the graph that waves 3 and 4 complete

This allows us to measure the target of a 5 fibanacci wave

Elliot subwaves in bullish momentum

Within this wave 5 we can define 5 elliot subwaves as we see in the graph We can define 4 completed subwaves and define a possible target for wave 5

If we apply Fibonacci extensions, we can define a possible wave 5 target, which would take the price up to $ 270 to $ 280 dollars

Bullish

  1. Target: range from $ 235 to $ 245 approx. (compliment)

  2. Target: range from $ 270 to $ 280 approx.

  3. Target: range from $ 315 to $ 320 approx.

After completing wave 5 of elliot, you need to make a price correction.

Which pieces will confirm the figure and will soon reach $ 270 to $ 280 dollars?

Remember to give your post a vote, Always support good content. Thanks

Follow me it costs you nothing and you get a Healing Reward with Your Vote

Leave your comment or your vote. Your opinion and participation is important

Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

We will continue monitoring To be attentive Protect your Investments

If the analysis helped you, give your vote with some hive, thanks !!

Lately I have noticed that there is no good analysis on hive, everything takes time, I ask that as you read them leave your vote, it is a way to encourage you to continue making more reports, thanks.

Feel free to use and share my post or graphics, but please mention, @criptoar as the author. Otherwise, consider plagiarism and I will call you and advise my friends to do the same.

READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are. Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment. If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

For your vote or comment, thank you

Or else Buy me a beer ! Ligthing Network

Vote for the post. Always support good content. Follow me it costs you nothing and you get a Healing Reward with Your Vote