Elliott waves analysis – Bulls to come back soon

Bulls to come back soon
Wave Analysis:
You can see that Etherium established a supportive zone around 572.11-596.23 few weeks ago. As we speak, ETH is at 932.47, we expect a test of the daily resistance level 1392.35 and a possible breakout to continue long with an ultimate target at 1500.00. If you went long around 572.11-596.21, leave this position open, if not, you want to wait for a second pullback towards 572.11-596.21, then pick a long position. From the current chart set and structure, bears are eyeing a break below 596.21 or a rebound from 1392.35, while bulls are eyeing a break above 1392.35 or a rebound from 672.11 to pick a long position.
Trade Recommendations:
Remain long with an ultimate target at 1500.00

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