it took me a while to understand the elliot wave logic behind this messy ethereum scenario but i think i finally got a reasonable outcome with my chart study.
As u can see in my elliot count i strongly believe that a big bear wave is about to hit, i will keep a close eye with the extension 0.61 and 1 fibonacci which i think is where the price will eventually try to reverse, i also indicated the in green the confluence zone and they basically fit my elliot wave count
As always i try to keep it easy as possible and i remind you all that this is not a financial advise, but my honest ideas about the ethereum trending
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.