Direction: Bottoming in Wave (C). Details: Intermediate wave (C) appears to be near completion within a broader Primary wave 2 structure. This setup shows a three-wave corrective pattern ...

Motive. Current Position: Wave v) – orange. Wave iv) – orange unfolded as a zigzag, labeled a, b, c – grey, and ended at the low of 33.13. Wave v) – orange is moving up, targeting the channel's upper ...

A large potential bull flag is forming, with an ideal downside target of ~$1085, but above $2093 and we should look forward to Ethereum reaching $6000.

From an Elliott wave perspective, the patterns still appear incomplete to the downside. If you recall from our March 31 report “Targeting August 2024 Low”, we forecasted a temporary bounce in ...