Ethereum - Final crash soon! Then new all time high (buy here)

Apr 30

Ethereum is preparing for the final crash! 2800 to 2700 is the most important zone you can watch because the price should bounce from it. This is exactly where you want to buy Ethereum for the long term or enter a high-leverage trade. I don't think the price will go lower, prices such as 2500 USD or 2000 USD is no longer realistic and possible. Why do I want to buy Ethereum in this zone? 

First of all, we need to do an Elliott Wave technical analysis, which is the most important as it gives us a full map of previous price movements. From my perspective, the price is forming a triple-three corrective pattern (WXYXZ). This is a classic corrective pattern, and we are in the last wave Z. Usually, what you want to do is buy ETH slightly below the previous wave (Y) (liquidity sweep). 

What's more, the price is inside this bullish flag / falling wedge pattern. This is another bullish sign for us to buy ETH below the previous wave (Y). Also, we have a long-term trendline from October 2023 with a total of 2 touches, so we also want to buy on the third touch of this upper sloping trendline. 

This is a strong combo. We have a strong confluence to buy ETH between 2800 and 2700. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.

Apr 30

Note

Triple three pattern (inside bullish flag).

Apr 30

Note

Make sure you have your limit order set to buy ETH!

May 1

Note

ETH is crashing. It's almost time to buy!

May 1

Trade active

Buy zone Hit

May 2

Note

ETH looks stronger on a lower timeframe than BTC. This is a sign that ETH may perform much better in Q3/Q4 2024.

May 2

Note

ETH is forming a head and shoulders pattern:

May 3

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Strong bounce from my Buy zone! Enjoy the ride!

May 5

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Ethereum is very bullish on the 1h chart, expecting a continuation of the uptrend.

May 5

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The uptrend is 100% valid, keep holding. No reasons to sell.

May 6

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ETH respects the parallel channel, expecting a huge uptrend soon!