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[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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[Women's association member who wrote this article]

Coingirls Certified Trader
Coingirls official female trader with 6 years of trader experience. I like watching the three major currency charts of BTC, XRP and ETH.
Read other articles by Coingirls Certified Traders

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