Panic Sell Is Over! Ethereum ETH Will Reach $6000!
2024-12-21
Category: None

Hello, Skyrexians!

Last couple of days were difficult for all crypto bulls. While Bitcoin suddenly dropped to  GETTEX:92K  altcoins bleed much more because of BTC Dominance pump. The main altcoin  BINANCE:ETHUSDT  lost more than 20% and caused a huge panic. Yesterday's candle closed promising, but if this nightmare is over or our portfolios continue melting in the upcoming days? 

Let's take a look at the daily time frame. Here we can see the clear Elliott wave structure. Large wave 1 has been finished with the red dot at the top and after that we have seen this dump in the wave 2. You can tell me that wave 2 is the very ugly, but this is the specific shape of irregular
ABC. 

This drop has been stopped exactly at 0.5 Fibonacci. Moreover we have seen the green dot on  Bullish/Bearish Reversal Bar Indicator  . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our  article on TradingView . For me it's very strong confirmation that correction is over and wave 3 is about to happen. Wave 3 has the target at 1.61 Fibonacci level equals $6200. See you there!

Best regards,
Skyrexio Team

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