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Friday, April 28, 2023

ETHUSD In A Corretive Phase

ETHUSD In A Corretive Phase

Ethereum / U.S. dollar BITSTAMP:ETHUSD

ETHEREUM is slow, now still seen in an a-b-c formation with wave B underway up to 1960-2k area where we think coin can turn south once again, as drop from April high to 1800 area can be counted in five waves, as an impulse. As such, a higher degree correction may not end that soon, but it will ideally be from around 1700.

I am bullish on crpytos, and think prices will be higher this year, but likely from lower levels. Sometimes, higher degree corrections that are deeper and take longer to unfold are good for a powerful breakout later.

from TradingView Ideas

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