if price action repeats itself again as shown in the chart (smaller tf) then expect some consolidation for a few hours...
Were at the end of a 5 wave elliot pattern for eth hitting major levels of resistance on total, eth.d and eth/btc aswel.
These 2 components suggest a correction but I believe were at the start of an uptrend on a larger scale.
Thx
Were at the end of a 5 wave elliot pattern for eth hitting major levels of resistance on total, eth.d and eth/btc aswel.
These 2 components suggest a correction but I believe were at the start of an uptrend on a larger scale.
Thx
Comment:
imo well probably correct pretty hard since crypto likes to act up around this time a month and this area of support and resistance seems to have had a heavy amount of consolidation in the past so look out for that aswel