Now black lines area cycle wave 1 Purple lines are wave 1 of cycle wave 3, as we know wave one always has huge retracement. Now the support are 18000+ and 7000, if we break 18000 then we will fall to 7000. Big chance is coming! Also ETH is the final power to push. But after 7000 we can see 100K this year!
Wave 5 = 1.618 * Wave 1 Wave 3 = 1.214 * Wave 5 What it means? means no pushing waves are entended for now, that means Wave 5 is actually wave 5-1, and it will retrace back to 21. Check carefully, the end of wave 4 is a pushhing wave , that why I take it as a wave 4.
Now hash ribbon give the signal to buy, but we can see that the correction is still in process. As the picture, we are in W-X-Y-XX-Z of b(the bigger correction), acccording to the rules , Z must >=Y, so we can see an up Z to 19600 at least and see a down of pulse c. Target would be lower than a.(As 0.618 fibo, it is 17601) ALL Kline data from Binance.
An ED almost finishes, we can see a retraceback to the pink box. So does DJI