Could Ethereum make a correction toward the $490 USD?
it's possible, for that reason I prepare for you to have a plan to shorting Ethereum and get benefit of this trades possible.
So guys, lookin in 3 Daily chart, the candlestick show us weakness and maybe a possible correction it's so nearest both for Bitcoin, Ethereum and the rest of cryptocurrency.
In that case, Ethereum have a multiple possibilitie that will occur. Now, looking the studying of the elliot wave analysis. We see that Ethereum it's into this correction #4 to review. And then, we could see this situation of the market. So, we are not completely this correction yet.
But. looking the weekly timeframe. my other perspective it's that we could to see the end of the bull cycle to then, we are looking a formation of ABC correction pattern. So, I believe that weekly chart it's moe precise than 3 Daily chart.
But that it's theory!!!
So guys, in some minutes, I will going to update this par Ethereum/Dollar to know if the trayectory it's okay, becuase we're in profit from $550 USD entry in long position toward the $616 USD.
So guys, lookin in 3 Daily chart, the candlestick show us weakness and maybe a possible correction it's so nearest both for Bitcoin, Ethereum and the rest of cryptocurrency.
In that case, Ethereum have a multiple possibilitie that will occur. Now, looking the studying of the elliot wave analysis. We see that Ethereum it's into this correction #4 to review. And then, we could see this situation of the market. So, we are not completely this correction yet.
But. looking the weekly timeframe. my other perspective it's that we could to see the end of the bull cycle to then, we are looking a formation of ABC correction pattern. So, I believe that weekly chart it's moe precise than 3 Daily chart.
But that it's theory!!!
So guys, in some minutes, I will going to update this par Ethereum/Dollar to know if the trayectory it's okay, becuase we're in profit from $550 USD entry in long position toward the $616 USD.