#ETH = Daily Analysis = 15.12.2021 $ETH #Ethereum #fintwit #crypto

If tomorrow ETH confirms the reversal attempt, it would have a good chance to hit a new ATH. Let’s try to dig deeper by analyzing candles, indicators and Elliott Waves.

This daily overview contains:
– daily candle charts – analysis of candles and technical events and perspectives;
– detailed hourly EW chart and a short term projection.

CANDLES

Daily
Today ETH made a strong attempt to form a bottom. The odds are neutral and if the coin closes a day above ~$4146, it would confirm the reversal. The indicators are neutral and would support a move in either direction.
Odds: Neutral

ELLIOTT WAVES

It looks like ETH has made a motive wave off the lows and there is a good chance it continues.

This is a very preliminary bullish count that assumes that ETH is working on wave 3.

The bearish Triangle has not been invalidated yet, it was possibly extended. If ETH moves above 4490.72, the triangle invalidates.

FORECAST

ETH needs to confirm which path it is going to take. A daily closure above ~$4146 would confirm the bullish path. Any closure lower would keep the odds neutral, slightly bearish.

Good luck!

Follow the blog on Twitter @InvestingAngles or by subscription:
https://investingangles.com/subscription/

Latest Analyses:

$SPX $DJIA
https://investingangles.com/2021/12/15/spx-dowjones-daily-analysis-reversal-15-12-2021-spy-sp500-dia-es_f-ndx-fintwit-qqq-iwm/

$gold
https://investingangles.com/2021/12/15/gold-xau-daily-analysis-updated-long-term-forecast-15-12-2021-gold-preciousmetals-gdx-gld-xauusd-gc_f-fintwit/

%d bloggers like this: