#ETH = Daily Analysis = 24.12.2021 $ETH #Ethereum #fintwit #crypto

ETH closed today with a bullish candle, elevating the odds of going to ATH in the nearest future. This possibility was discussed yesterday in the long term forecast, that can be viewed by everyone here:
https://investingangles.com/2021/12/23/eth-long-term-forecast-educational-23-12-2021-eth-ethereum-fintwit-crypto/

This daily overview contains:
– daily and weekly candle charts – analysis of candles and technical events;
– weekly EW chart and an updated long term forecast;
– short term EW chart and targets.

CANDLES

Daily
Today’s candle was bullish. Despite the red color, it did not close low enough to switch the odds bearish. Multiple indicators support a continued move upwards, possibly after a few days of pause.
Odds: Bullish

Weekly
If ETH is seriously bullish, it would need to close the week above $4146. Two days to go.

ELLIOTT WAVES
Long Term
The long term forecast was discussed in details yesterday. No change since.

Short Term
The short term projection has not changed either – I just added a few graphical elements.
The main hypothesis is that ETH is working on an Ending Diagonal for wave V, targeting $4900-5200 area.

Summary:
ETH is expected to continue its move upwards with a good chance to confirm the reversal/rally on the weekly frame on Sunday.

Possible mid-term targets: $4900-5200.

Mark this post and follow @InvestingAngles – $ETH path will be regularly updated.

Other Analyses:

$SPX, DJIA, NDX – Road Maps:
https://investingangles.com/2021/12/22/spx-road-map-update-22-12-2021-spy-sp500-es_f-fintwit/
https://investingangles.com/2021/12/22/nq-road-map-update-5-22-12-2021-ndx-elliiottwave-fintwit-qqq/

TSLA Long Term Forecast:
https://investingangles.com/2021/12/22/tsla-long-term-forecast-educational-22-12-2021-tsla-investing-fintwit/

VIX Weekly Analysis:
https://investingangles.com/2021/12/24/vix-weekly-analysis-24-12-2021-stockmarket-vxx-investing-trading/

DXY Weekly Analysis:
https://investingangles.com/2021/12/24/dxy-weekly-analysis-24-12-2021-dxy-dollarindex-usd-fintwit/

NatGas Long Term Forecast:
https://investingangles.com/2021/12/24/natgas-long-term-forecast-24-12-2021-natgas-commodities-energy-fintwit/

Bitcoin Long Term Forecast:
https://investingangles.com/2021/12/24/btc-daily-analysis-long-term-forecast-24-12-2021-btc-bitcoin-crypto-cryptocurrency-fintwit/

https://investingangles.com/subscription/

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