🚀Ethereum: the long-term setup FOR BUY is not ready yet ... ⏳

26 ธ.ค. 2020

●● Mine scenario
● 1D

Most likely, the primary wave ((4)) forms a Contracting Triangle, in which the growth is subwave (B) in the form of a double zigzag W-X-Y. Further, i expect decline by the subwave (C). The targets for wave (B) of ((4)) can be the level 790, where there is a cluster of Fibonacci levels and extensions.

● 6h

The growth from the top of the triangle ((b)) goes in a form of zigzags, which means that there is a probability of transformation of the wave ((c)) to the Ending Diagonal.

●● Alt. scenario
● 6h

As part of the local alternative, I assume that the diagonal ((c)) of Y is already completed. I think this count is less likely, but if the lower boundary of the ascending channel and the top of ((b)) — bear lvl are broken, this scenario will become the main one.

The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.