ETH/USDT - Bullish and Bearish Scenario - Possible $200 for Nextweek? -
Leading diagonal - Binance
For this graph, We use Elliott correction Wave (ABC), Long position and Trendline tools.
On this graph, we saw leading diagonal Bullish Scenario if ETH reaches the possible bottom $180 - $170
But after that, there's a stronghold and can pull up to bullish scenario with resistance.
We open risk, Good buy at $185 to $170
Stop loss at $160 or $165.
Expecting the Btc will do uptrend and reach the 9k. ETH can reach more than $200 or maybe $210 and these our target to sell.
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
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Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality.