ETH/USD may slow Dow at 4000-4500 Zone
|-
ETHUSD completes five wave cycle of V of (III).
-
It May Slowdown in 4000-4500 Fibonacci cluster area.
-
Beware of a Reversal or slowdown.
ETHUSD is extending its bullish rally with impulsive wave V of (III), which can be now clearly seen with a five-wave cycle that can be approaching the end, as we see it nearing next important Fibonacci cluster. However, because of very strong rise in the last couple of days, we have to consider that ETH is still trading in an extended five-wave cycle. But in any case, watch out for limited rise and be aware of a reversal or slowdown in the projected of 4000-4500 Zone.
ETH/USD daily Elliott Wave analysis chart
Finally, another ELLIOTT WAVE OPEN DOOR Event is here. See all of our charts FREE for 10 days. Join us at www.ew-forecast.com/register
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.