$ETH finishing its complete movement of Elliot waves: ( • FIRST CYCLE started its downward movement on the 1h chart. • SECOND CYCLE is clear on the 15-minute chart, having completed its complete wave movement 1,2,3,4,5 and is finalizing the correction A,B and C now. THIRD CYCLE can be analyzed on the 5-minute chart to refine the operation. Complete and rare movement to happen
According to Elliot's theory, considering the current downward trend, the market is finalizing its complete Elliot wave cycle in the downward trend to start a new downward cycle entering again into the Elliot waves keeping in mind that my FIRST CYCLE will be the 1H chart.
Future probabilities: The market of $ETH will look down again towards 2,000.00 #USD
If investors are not willing to take this risk at around 2,000.00 USD, on the monthly chart if a candle closes below 2,000.00 it may seek the fair price region around 1,100 #USD giving an opportunity for those already positioned to make new investments to mitigate their losses and subsequently return to positive