Here is my View using Elliote Wave for ETH in midterm | Crypto_Mahi on Binance Square

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Here is my View using Elliote Wave for ETH in  midterm
#Ethereum #ETH 

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Hello, everyone. I have noticed in the comments that there is some confusion about the structure of Wave 4. It's worth considering that in Elliott Waves, we not only pay attention to the price, but we also use "Time Trend Fib" to analyze the timing of wave occurrences. Since we had Wave 2, which took around 10 days to complete, we expect Wave 4 to take at least the same amount of time or longer to form. Please pay attention to the vertical lines, which represent the "Time Trend Fibs." At the bottom, you will see the numbers. I expect Wave 4 to form perpendicular to the blue vertical line. Therefore, we can anticipate a final jump to 36K next week. Let me know in the comments what you think about my TA.

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Hello Everyone.Let's have a look at the possible scenarios for Bitcoin. after the last move to the upside, we see some cooling down period on the BTC chart. So for the short time, we can consider Wave 3 to be finished and over the weekend, we will consolidate in the wave 4. Wave 4 is considered to have a Flat Structure in an ABC in which wave C consists of 5 moves. the relevant targets for wave C are around 33.3K to 32.8K. By retracing so deep into this area, we can expect to see a bounce from that region to at least 36K as the next target. on the other hand, if we fail to correct to the 32K region, we might expect wave 4 to turn out to be a triangle in an ABCDE pattern which is way more complicated than the previous scenario.

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$Ethereum Co-Founder Vaporised Employee Stock Awards, Lawsuit Says According to a Bloomberg report, over two dozen former Consensys employees have filed a fresh lawsuit against the firm’s founder and CEO, Joseph Lubin, accusing him of unfairly diluting employee equity shares against earlier promises. Specifically, the lawsuit states Lubin left workers with worthless shares in a Swiss holding company called Consensys AG by shuffling assets including crypto wallet provider MetaMask out of the unit. This reportedly breached the “no-dilution promise” made in 2015. A Consensys spokesperson responded to the lawsuit by stating, “After two years of getting nowhere with their frivolous claims against Consensys Mesh in a Swiss court, plaintiffs now believe their merit-less claims stand a better chance of yielding a payday if they game US courts and entangle Consensys Software and other unrelated parties in litigation. [The ex-workers] will soon find this gambit is another fruitless attempt to enrich themselves from the success of others.”

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Hello everyone. hope you are doing Great.Let's analyze what we see on the BTC chart. BTC and ETH are following different counts in my opinion although they both are sideways. The count suggests that we are heading to the downside but the first indication comes from breaking the $28.1K. Until then, we are doing a DoubleCombo in a WXY structure waiting for the last wave Y to finish. the fib levels suggest the targets it might hit and from there, we expect an impulse to the downside.Hope you have a profitable day.

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Hello everybodyI hope you are doing greatLet's look at the ETH chart and possible scenarios.1- The main scenario still remains moving to the downside. Still it is not clear the move would be in a 3 wave ABC structure or 5 wave impulsive. However,short term scenario would be bearish while we are below 1607. even higher than this level, we can sonsider that we are still on a corrective wave B and it will delay the sell-off.For the targets, the most important one is 1530 which is 0.786 Fib level of a wave 2. Then we need to see the reaction to the level in order to define other targets but 1445 seems very likely. 2- Another scenario we can consider is that the low has been made on 12th Oct and we are moving in an impulsive structure to the upside. the point is wave 4 is very long and complex and has dropped below 0.618 fibonacci level which is very rare for a wave 4.

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