Ethereum Elliott wave 8th Aug 2022:
Bulls will try to hold $1580 for an up rally above $1850
Bears will active only below $1580 for $1520.
Bears will active only below $1580 for $1520.
From the Pink Wave II, I am counting waves in 5 min .
subwave 3 is 261.8% of subwave 1
wave 2 is a deep flat correction so as per alternation rules 4th may be complex and shallow.
Fibonacci 38.2% (3) is at 1708. One can Buy at 1709 with a Stoploss of 1691 for the Target of 1744.
Subwave (5) may complete near 1744 which is 61.8%(0-3)
How I label the wave is shown below the video.
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