28/08/2022
Ethereum is now trading in a corrective framework after it completed the impulsive wave 1 with five clear waves, which started from 880.01 and ended at 2030.87 to start the corrective wave 2 which targets 78% retracement of wave 1. The critical limit that ensures price trading above is 880.01.
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Bottom Line: Higher in wave (A) of ((B))
wave ((B)) is underway, currently ETH is developing wave A of it, we expect wave 5 of (A) to record near 1900
03/09/2022
It is now going higher to complete the wave B after completing the wave A at 880.03. The critical limit that supports the rise of the wave is 880.03.
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As we mentioned in the monthly range, ETH is correcting in wave IV, The first side of wave IV ended at 880.03, We expect the price to rally in 3 waves in wave ((B)).
Same to bitcoin, we expect eth to correct in wave IV, We expect the price to reach near the prior fourth wave of primary degree.
