[Today's market forecast on August 1 (Sat)] What will happen from now on? ETH market price!
Today's ETH price forecast is released! Coingirls official traders open their strategies to keep up with the upcoming virtual currency trends!
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Ethereum quotes for today
Today's ETH / USD market price analysis.
What is your long-term perspective? Analyze the time bar!
The above image is a 2-hour chart of BITFINEX.
In my previous post, I wrote, "I've reached $ 167, so I'm profitable from $ 136."
From here, we will explore new entry points.
First of all, a possible scenario is a drop in adjustment from here.
As you can see from this image, we made 5 rising waves, so we assume 3 falling waves.
And when this scenario comes, the big wave can be caught as the fourth wave adjustment.
A fibonacci hit of $ 0 from $ 116, the starting point of the 172 wave, would return around 38.2% to around $ 152.
As the adjustment down to this area is possible, I would like to consider buying if it falls.
In addition, it is also possible to aim for a short by the falling adjustment wave.
In that case, the scenario is as follows.
Assuming a high of $ 174, this scenario rebounded at the previous low neckline of $ 158 when the price declined, then showed an upturn (back 61.8%) and dropped back to $ 152 again.
If you want to sell, I'd like to sell it at around $ 167 on the adjusted C wave.
I'm still not sure if this scenario is going to be the case, but I'll take the time to analyze it again.
To conclude, it is a "buying perspective".
Conclusion: buy Ethereum now? Is it selling now?
Looking at buying.
This concludes today's market analysis.
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