In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Ethereum. We presented to members at the elliottwave-forecast. In which, the rally from 10 March 2023 low unfolded as an impulse structure. And showed a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the pair & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:
Ethereum 1-Hour Elliott Wave Chart From 3.22.2023
Here’s 1 hr Elliott wave chart from the 3/22/2023 New York update. In which, the cycle from the 3/10/2023 low ended in wave 3 as an impulse structure at $1846 high. Down from there, the pair made a pullback in wave 4 to correct that cycle. The internals of that pullback unfolded as a zigzag structure where wave ((a)) at $1725 low. Wave ((b)) ended at $1839.90 high and wave ((c)) managed to reach the blue box area at $1719.14- $1644.23 area. From there, buyers were expected to appear looking for the next leg higher or for a 3-wave bounce minimum.
Ethereum 1 Hour Latest Elliott Wave Chart From 3.24.2023
This is the latest 1 hr Elliott wave Chart from the 3/24/2023 update. In which the pair is showing a strong reaction higher taking place, right after ending the pullback within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area.
If you are looking for real-time analysis in Ethereum along with the other crypto pairs then join us with a 14-Day Trial for the latest updates & price action.
Success in trading requires proper risk and money management as well as an understanding of Elliott Wave theory, cycle analysis, and correlation. We have developed a very good trading strategy that defines the entry.
Stop loss and take profit levels with high accuracy and allow you to take a risk-free position, shortly after taking it by protecting your wallet. If you want to learn all about it and become a professional trader. Then join our service by taking a Trial.
