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Technical analysis by polarity about Symbol ETH on 8/21/2024

https://sahmeto.com/message/3328690
polarity
polarity
Rank: 1141
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،Technical،polarity

Will this be a C wave going down and make 1:1 with the A. or we are done correcting and going to start the next impulse? We are about to enter support zone, if we break it, I think we will head to 0.9 fib to 1.0fib (2460.19 - 2434.15) Since this is possibly the last corrective wave down, I am thinking, this can be either a Wave C within the ABC of Wave 2 Or we are in sub wave 5th within Wave C, if we zoom out to let say 12hr chart. Conclusion: breaking below 2513 is my bear case (4 HR chart) 1st Bull case would be break 2698 and 100 SMA 2nd Bull case for a decent bull run would be break 2786 with potential rejection at 200 SMA (4HR Chart). What do you guys think? Please share your thoughts.

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Signal Type: Neutral
Time Frame:
4 hours
Price at Publish Time:
$2,580.59
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