Ethereum and Dash Coin Elliott Wave Analysis – Be Aware of Bearish Continuation

21일 전

Crypto market is slow and there are no big changes, so it's still in the neutral zone, but current sideways price action can be telling us that we should be aware of more weakness.

Ethereum, ETHUSD came down in the 4-hour chart as expected, but it's still trading at key zone for wave (C), we should be aware of rally back to highs, but only if it manages to recover back above 3700 region. However, we don't see any serious recovery yet, so be aware of a potential leading diagonal labeled as Alternate count or strong continuation lower within wave (3) that can send the price down to 2000-1700 area or lower.
Ethereum 4h Elliott Wave Analysis Chart


Dash, DSHUSD is coming nicely down in the 4-hour chart after a three-wave correction in wave B, so bears for wave C are probably back in the game.
We still have to be aware of more weakness, maybe within wave (3) labeled as Alternate count or after a pullback as we potentially see it finishing a leading diagonal from the highs.
Dash 4h Elliott Wave Analysis


Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!