Ethereum: How much it can retrace?

-
Ethereum hourly chart


In the above chart it's is clear that higher highs and higher lows are formed. It is also important how much it can retrace?

I have hidden my wave counts but you can plot by your own after learning Elliott Wave and Neo wave concepts. A two day paid webinar cover different topics about price and time. Don't miss it. The fees will be 15000/-, call 9324174580 for registration.

Comments

Post a Comment

Popular posts from this blog

Nifty in Ending Diagonal Pattern?

-
Image
 Nifty Daily chart Analysis Nifty is currently exhibiting a pattern of higher highs and higher lows, indicating a positive trend. While there is no immediate sign of reversal, there are indications suggesting that the current upward momentum may be losing steam. According to the Elliott Wave theory, there are signals suggesting the formation of a distribution pattern, specifically an ending diagonal pattern. However, this pattern is still unfolding, with one leg remaining on the upside, potentially pushing the index to new all-time highs within the range of 22300-22400 levels. Once this leg concludes, there could be a reversal in the trend. In summary, Nifty is anticipated to climb further from its current levels and may reach a new all-time high in the range of 22300-22400. However, after reaching this peak, a reversal could occur, potentially leading the index down to the range of 18000-19000 levels. Join my Telegram Channel :  https://t.me/elliottician1 Join My Twitter hand...
Read more

Gold Anticipated Happned

-
Image
 Gold anticipated on 14th Oct 2023 Gold happened on 28th Nov 2023 Analysis In my prior article, I noted that "Gold prices have the potential to climb higher and may reach the $2025-2030 range in the short to medium term." The yellow metal indeed surged towards $2150 levels, surpassing my projected range of $2025-2030 when it was initially trading at $1933 - the anticipated outcome. To read my previous article on Gold, click on the link below https://www.marketanalysiswithmeghmody.com/2023/10/gold-and-elliott-wave-counts.html Presently, prices are following a flat pattern, having completed wave a of wave b, and this wave b is identified as a flat. The next movement could reach a minimum of 80%, translating to $2090 levels, or it might extend to $2150 levels or beyond. Clear-cut indications point towards prices fluctuating within the $2100-2150 range. Currently, prices are recorded at $2053 levels. To sum up, Gold prices display a positive outlook and are expected to fluctuate ...
Read more

EURINR: Terminal Impulse (Leading Diagonal) Elliott/ Neo Wave Analysis

-
Image
EURINR daily continuous fut chart EURINR hourly continuous fut chart In daily chart of EURINR, the pair is moving higher in a rising wedge shape pattern which is a bearish reversal pattern. However, there is no price breakout yet, once there is a price confirmation, prices are set to falter. RSI is also exhibiting negative divergence which is a sign of caution. From hourly chart, prices are moving in a rising channel (shaded portion) indicating that the trend is firmly positive and it has arrived near the support. This support zone of 87.50-87 needs to be broken decisively which will infuse selling pressure dragging it near till 84 levels. RSI is relieving from the oversold terrain and is set to resume the downtrend once there is price confirmation. From Waves perspective, prices are moving in a leading diagonal as per Elliott Wave and terminal impulse as per Neo Wave. Here wave iv has overlapped wave ii (rule of impulse as per Neo Wave) and part of wave i (Elliott Wave) and therea...
Read more