青梅煮币
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Qingmei Bo Coin: Analysis of ETH Structure and Possible Drop Locations
In the past month, my three most important suggestions for market development (see screenshot):
First, buy BTC below 79,500.
Second, sell BTC near 88,000.
Third, ETH should be sold near 2,100.
Now, let's talk about ETH.
Look at ETH's weekly chart.
From 2018 to the end of 2021, it can be considered that a 5-wave structure has been formed, peaking at 4,868 USD.
Since 4,868 USD, a huge adjustment has been ongoing.
The drop from 4,868 USD to 881 USD is wave A.
The rise from 881 USD to 4,107 USD is wave B, which is roughly the 0.786 Fibonacci level of wave A.
The decline since 4,107 USD is wave C.
Currently, it seems that the overall situation may be a platform-type adjustment wave, where the structure of wave C is generally 5 waves or a terminal wedge. Since the decline since 4,107 has been very smooth, the probability of a 5-wave structure is higher.
First, buy BTC below 79,500.
Second, sell BTC near 88,000.
Third, ETH should be sold near 2,100.
Now, let's talk about ETH.
Look at ETH's weekly chart.
From 2018 to the end of 2021, it can be considered that a 5-wave structure has been formed, peaking at 4,868 USD.
Since 4,868 USD, a huge adjustment has been ongoing.
The drop from 4,868 USD to 881 USD is wave A.
The rise from 881 USD to 4,107 USD is wave B, which is roughly the 0.786 Fibonacci level of wave A.
The decline since 4,107 USD is wave C.
Currently, it seems that the overall situation may be a platform-type adjustment wave, where the structure of wave C is generally 5 waves or a terminal wedge. Since the decline since 4,107 has been very smooth, the probability of a 5-wave structure is higher.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
2,498.47
+0.01%
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