Expect strong selloff in 3rd #elliottwave for $ETHUSD

BITFINEX:ETHUSD   Ethereum / Dollar
Etherum shows a clear 5 wave pattern to the downside. It was retraced by a 3-wave zig-zag , which ended just short of the 61.8% fibonacci retracement . This is a typical level for 3nd waves to end.

Moreover, wave action already cut into wave 1 of higher degree, which signals that the paramount trend to the upside finished at the recent all time high.

Etherum is therefore most likely in a 3rd wave to the downside. Expect a strong selloff!
Trade geschlossen: Ziel wurde erreicht
I believe it is too soon to say that we are in a big move to the downside. I dont trade the elliot wave, but I am aware of most trading systems.

The current wave we are in could just be the 3 and then we revert back to a 1-5 of the larger macro. This would mean your 5 is in fact the 1 and your C is a 2. With the bounce we just had at the 920 levels not only am i hoping this is the case, but also seeing the likelihood it is true.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden