ETH : Following BTC, Elliot Correction Wave $2700

18. Apr.

📉Hi Traders, Investors and Speculators of Charts📈

ETH is currently following BTC along with the rest of the crypto market into a correction wave. By following Elliot Wave Theory, we can find a target for a potential bounce zone for the current corrective pattern.

Ideally, we'd want to see a successful bounce from the 50d moving averages here (green), but a wick towards the 100d (turquoise) will not be unusual:


Here are my thoughts on Ethereum from a MACRO outlook, for future potential targets:

If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.

_______________________

📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck

ETHUSDT