ETH/USD H4
The upward impulse movement began (07/20/2021) from the price of $1,718 to (09/03/2021) $4,027 marked with white Fibonacci lines. The target of this impulse is after the correction, which was realized at $ 2,650 (09/21/2021). Based on this, I expect the maximum for this asset by the end of the year at $6,800.
Further, after the correction, a new impulse was formed from (09/29/2021) $2,803 to (11/10/2021) $4,868, we received the expected correction to the mirror level of $4,037 - $3,936, most likely we will not see a hike below. There is a 365 EMA level (H4 timeframe).
Further, the asset needs to gain a foothold above the 30/50 EMA of $4,350 and then move to the level of $4,885 and even a little higher, I also traded a hike to the highs, after which I will gradually put on a bear skin.
P.S. This is not financial advice or a call to action.
The upward impulse movement began (07/20/2021) from the price of $1,718 to (09/03/2021) $4,027 marked with white Fibonacci lines. The target of this impulse is after the correction, which was realized at $ 2,650 (09/21/2021). Based on this, I expect the maximum for this asset by the end of the year at $6,800.
Further, after the correction, a new impulse was formed from (09/29/2021) $2,803 to (11/10/2021) $4,868, we received the expected correction to the mirror level of $4,037 - $3,936, most likely we will not see a hike below. There is a 365 EMA level (H4 timeframe).
Further, the asset needs to gain a foothold above the 30/50 EMA of $4,350 and then move to the level of $4,885 and even a little higher, I also traded a hike to the highs, after which I will gradually put on a bear skin.
P.S. This is not financial advice or a call to action.