Ethereum Goin to 1200 (Elliott wave analysis)
We are developing a C wave, in this case is corrective.
The price projected is 1198, and that would be a very good entry price with a 23% drop.
But why are you cinnamon so sure that's the landing price? because the wave C as long as, or 1,618 wave A in this case projected from wave B. Thats the use of the tool "fibonacci extension". Besides, this landing price (1198) coincides with 0.886 fibonacci retracement. Besides, this landing price coincides with a drop of BTC to 21839 as seen on a previous analysis made for our team (www.tradingview.com/...inite-possibilities/).
Cheers
The price projected is 1198, and that would be a very good entry price with a 23% drop.
But why are you cinnamon so sure that's the landing price? because the wave C as long as, or 1,618 wave A in this case projected from wave B. Thats the use of the tool "fibonacci extension". Besides, this landing price (1198) coincides with 0.886 fibonacci retracement. Besides, this landing price coincides with a drop of BTC to 21839 as seen on a previous analysis made for our team (www.tradingview.com/...inite-possibilities/).
Cheers
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Profit +1000% in less than a year.
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t.me/cinnamon_club
Profit +1000% in less than a year.
11 positive months in a row.
Verifiable in my copy-trading profile at PrimeXBT.com (cinnamon)