Technical analysis by PauloRicci about Symbol ETH: Buy recommendation (10/1/2023)

Hi guys, Want to share my vison of last year "choppy" price action on ETHUSDT according to EW theory Generally I am super bullish on both BTC and ETH but always keeping in mind diferent scenarious. I am even more bullish on ETH then BTC because of ETHBTC chart EW structure. Lets go step by step: Wave 1 - clear 5 Wave 2 - clear WXY with irregular flat in X After we again had clear 5 wave up structure and I mark it as 1 of 3 Wave 2 of 3 - clear corrective move as for me. It finished between 50-61,8 FIBO levels So, IMHO we are ahead of powerful wave 3 of 3 and then 4 and 5 of 3 Invalidation level 1535 Trade safe and remember that risk management should be on the first place.