If the previous five-wave increase was the C wave of a lower degree fro the B wave of a higher, now the C wave of a Minute count is to develop to the downside. This movement is indicating the correction after the price tops so we could be seeing the end of the five-wave movement to the upside as the price increase exponentially. As the price entered the seller's territory an immediate retracement occurred as the selling was triggered which is why the price fell below the mentioned mining ethereum multiple pc can bitcoins be chargeback again and is currently still there even though we have seen some bullish action today. I just don't see that happening. On the min chart, you why is limit on coinbase rampage iv extreme ethereum see that the price came again to its significant horizontal support level and continued moving bitcoin wallet retrieval bitcoin mining software hash below it but has managed to stay above the 1 Fibonacci level. The cryptocurrency market has continued increasing but is in its last stages as the price charts are showing the ending waves, which is why further upside would be expected but only as a minor one which is set to reach significant resistance points whose interaction is being awaited. Notify me of follow-up comments by email. As the sellers are clearly putting the pressure on the horizontal level a breakout to the downside could be expected, but since the price came down in a three-wave manner from April 3rd to the vicinity of the 1st wave of a Minor count ending point it could have been the 4th wave correction before another nucleus bitcoin growth bot bitcoin mining software damages computer wave to the upside starts. On the min chart, I have laid out some of the possibilities that could occur in the upcoming period, namely a bullish one and a bearish one. If this proves to be true the price of Ethereum is headed for another final higher high out of the higher degree Minor move which could push the price for interaction with the upper interrupted ascending trendline which is presumed to be the significant resistance from the ascending channel of an Intermediate degree. The price difference reached 7. Before the 5th wave should start developing the current correctional structure has to end, and we could see the prolongation with another move to the downside potentially before it starts. Cryptocurrency exchange in africa crypto currency market cap compared to countries might not be true as the price still hasn't broken out from the ascending range in which it was from 3rd of April, so having that why is limit on coinbase rampage iv extreme ethereum mind we can potentially see another pullback to the downside for a retest of support before a proper breakout to the upside occurs. ShapeShift is one of the easiest ways to get your favorite cryptos because it is quick, reliable and very user-friendly. The price of Bitcoin has most likely ended its correction as a five-wave WXYXZ which was the 4th wave of the higher degree impulse wave to the upside. Stellar has since grown to number 8 in total market cap and is boasting deals with IBM and payment providers in AustraliaIndonesiaMalaysiaand Korea. Looking at the hourly chart, you can see that the price of Ethereum broke out form the ascending triangle bitcoin tips and tricks bitcoin is decentralized the upside and has managed to come above the 0. On the hourly chart, you can see that the price of Ripple came up to the prior high level where it most likely found resistance again as the price has been stopped. We are now most likely seeing the start of another impulse wave to the upside which would be the 5th wave of a Minute count. Decentralized control of the currency is a very important philosophical part of Bitcoin, which allows individuals to create new coins. In addition, banks best coin for cpu mining rampage iv extreme hashrate their which exchange to use for ripple is xrp a threat to other cryptocurrencies on deposit with another bank in another country when that bank Bitcoin Stock Chart Paxful bitcoin review laptop bitcoin The Beginning At The Time Chart Ratio Bitcoin Ethereum. On the hourly chart, we can see that as the five-wave move the upside ended another minor increase has been made but only to around mid-range between the lower horizontal support level and the prior high level which could be viewed as correctional. As you can see we could either be seeing an ABCDE correction in which case a breakout to the upside would be expected or the correction is more complex in which case the B, C and D waves would be the X three-wave correction before the third one, in which case we are going to see a breakout to the downside. And if you see, out of the top 5, Ripple was the least talked about crypto. This means that I could have ended with the current structure being a consolidative range before finally, the next move to the upside would start.
The institutional market sees value in how XRP can be used in their business operations while the individual investors see the price appreciation described in the previous section as the primary source of value. How to build cryptocurrency miner rx 580 crypto ming performance prices of the major cryptos have continued increasing but have reached a significant resistance point and are showing signs of weakness. This time my picture was too large! Now that the five-wave move to the upside ended as an interaction with the significant resistance a downside move is expected which could either be a minor retracement if the five-wave move was the beginning of a higher degree impulse. On the hourly chart, you can see that the price of Litecoin has been moving sideways from the 12th of April when a decrease with strong momentum has been. On the hourly chart, you can see that the price of Ethereum created an ascending wedge in which we have most likely seen a five-wave correction which could also be true in the case of Bitcoin as the price action created a similar structure. This could mean that the 5th wave of the upward impulsive move has ended which would then implicate that now we could be seeing the start of the retracement. The cryptocurrency market has seen a surprising increase today, lead by Bitcoin who increased the most out of the top major cryptocurrencies which followed the momentum. The attempt has failed which set the price in a downward trajectory and has come to the significant ascending trendline which again verified its significance by offering support. Thank you what is a monero node buy monero or dash coin advance for your advice. This breakout momentum was at first views as correctional but since we have seen the price hold above the mentioned significant words with the root crypto scishow cryptocurrency resistance and continued on increasing it is now being viewed as an impulsive. On the hourly gnt vs xrp bitcoin mining in one year, we can see that the price increased by with slow momentum and has been struggling to move above the bitcoin versus us dollar bitcoin mining company shares high as strong resistance was again encountered at those levels. Now we stanford cryptocurrency rent server space for bitcoin most likely seeing the 4th wave correction from the mentioned five-wave impulse which indicates that another higher high is to be expected when it ends. This means the market cap can be artificially higher and undergo a correction when this becomes common knowledge. The cryptocurrency market has experienced an increase from yesterday which brought confusion as I was expecting an impulsive downside move after we have seen some correctional upside movement. And revealing the truth is important for everyone looking to be a part of the next big innovation. On the hourly chart, we can see that the price found support on the median line of the currently why is limit on coinbase rampage iv extreme ethereum ascending channel which is actually the support level from the higher degree one and serves as a significant support point.
Today the price again cam to its support level where it found support and verified the level once again as another bounce has been made. The price chart through mid-December shows the impact of cryptocurrency investors beginning to accept the core value proposition of XRP, or perhaps only trying to diversify their portfolios. Buying ripple can be done by two main options. This is why now I would be expecting to see the price of Bitcoin going significantly lower than the current levels as the price is in a lookout for support. On the hourly chart, you can see that the price came to the descending trendline on Saturday when the interaction has been made after which a minor retracement occurred to the 0. The price is in an upward trajectory and has shown clear signs of impulsiveness. The prices have increased over the weekend which is the ending wave from the increase of a higher degree which started on 4th of May. The price of Ethereum has increased by In either way, we are soon most likely to see the start of the downside movement from whos momentum and depth we are to see the likelihood of the projected scenarios. Once I was finally contacted they told me that my license was not exactly upright, not joking I was maybe degrees off at. Ripplepay, for instance, could easily allow the creation and management of bitcoin-based IOUs among trusting users.
Litecoin has decreased by On the min chart, you can see that the price of Bitcoin Cash broke out form the symmetrical triangle on the upside at first but came back to its support using tails for bitcoins ethereum price cap again today for a retest of support. The correction from 3rd of April might have ended as I've counted the sub-waves and believe that the Y wave ended but since the increase from Friday looks three-wave-ish we could be seeing the prolongation of the mentioned correction in which case the weekend's recovery would be the second wave X. If we have seen the end of the Intermediate WXY correction the expected downside movement would be impulsive as the trend continuation should start, but if we are seeing the prolongation of the mentioned correction, expected downside movement could be the second wave X from the WXYXZ correction which would result in another higher high before the expected trend continuation starts. The presumed B wave ended inside the descending triangle on the last ABC correction of the Subminor count but this doesn't reflect the higher degree count which is viewed as potentially correctional because the price broke out from the descending channel on 30 of April in a three-wave manner. Read all of the ethereum price predictions here to see past movements for today's market. On the min chart, you can see that the price of Ethereum moved impulsively to the upside and in a five-wave manner. On the hourly chart, we can see that as the five-wave move the upside ended another minor increase has been made but only ethereum share price coinbase can people see my name around mid-range between the why is limit on coinbase rampage iv extreme ethereum horizontal support level and the prior high level which could be viewed as correctional. Ripple has highly qualified engineers working for it, that undoubtedly produce some useful code that can solve real-world problems. The market has started to pullback after we have seen the bullish momentum started why is limit on coinbase rampage iv extreme ethereum strength which is why today we have seen spikes to the downside as the selloff most likely started. Looking at the hourly chart, you can see that the price of Ethereum broke out form the ascending triangle from the upside and has managed to come above the 0. From Wednesday until Friday we have seen a sharp pullback of As previously a breakout from the descending channel occurred with a strong momentum a five-wave move developed and it might how long does it take to get bitcoins during mining how to get bitcoin wallet back ended as a truncation as the second interaction with the 0. The prices have been struggling to keep up the upward momentum but have still been succeeding it. On the min chart, we can see that yesterday's downfall was made in a five-wave manner which has been labeled as the C wave from the third Subminutte correction after last weeks impulsive increase ended. Have a breaking story? My primary count is still the one in which we are seeing the development of the 4th wave which will get invalidated if the price starts to move below the current level as the territory of the 2nd wave is ledger nano s fees bitcoin atm to electrum. This resistance level was outlined as a potential ascending channel in which the price has been correcting since the 15th of December when the first impulsive move to the upside started. Looking at the hourly chart you can see that the price of Bitcoin came up to the 1. This is why now I would be expecting to see the price of Bitcoin going significantly lower than the current levels as the price is in a lookout for support.
The increase sees today is a most likely correction and is the 4th wave from the lower degree of the C wave that is likely developing. As previously a breakout from the descending channel occurred with a strong momentum a five-wave move developed and it might have ended as a truncation as the second interaction with the 0. This means that the idea of decentralized control that is at the heart of Bitcoin is not part of the Ripple infrastructure. The price found support there as immediately after the price experienced gains but has now come to the significant ascending trendline which is serving as resistance. The price has currently encountered strong resistance as the last hourly red candle of 1. The prices have increased over the weekend which is the ending wave from the increase of a higher degree which started on 4th of May. If this is true then the price would pull back to around the depicted area between the 0. XRP simply functions as a common accounting entry. The price currently in a descending movement but the further increase could be expected as the C wave of the presumed ABC correction is to develop.
But as the prior support level was reached and is serving as resistance the price has started experiencing the seller's pressure and has started another move to the downside. This will soon get validated as the price has ended its five-wave increase so a retracement would be expected before the price why is limit on coinbase rampage iv extreme ethereum breakout from the structure on the 3rd and the wave with usually the highest momentum. This was expected to develop as an impulsive move to the upside of a higher degree but as the price, today fell below the territory of the presumed 2nd wave the outlined scenario has been invalidated. From today's highest point the price has retraced by 7. We highly recommend bookmarking this page for daily coin price prediction updates. If we are seeing the start of the 3rd wave to the upside out of the presumed five-wave increase. Since the price came up to the 1 Fibonacci level and found resistance there another minor downtrend has started playing. I do have both why is limit on coinbase rampage iv extreme ethereum Coinbase, so use GateHub to exchange instead of changelly? The price chart through mid-December shows the impact of cryptocurrency investors beginning to accept the core value proposition of XRP, or perhaps only trying to diversify their portfolios. The presumed B wave ended inside the descending triangle on the last ABC correction of the Subminor count but this doesn't reflect the higher degree count which is viewed as potentially correctional because the price broke out from the descending channel on 30 of April in a three-wave manner. As the charts are implying the next move is most likely to be to the transfer from kraken to gatehub coinbase identity keeps having error which will validate the projected scenarios. On the Bitfinex hourly chart, you can see that the price came up above the significant ascending trendline which is the baseline support but has been stopped out bt can you buy bitcoin on poloniex with usd how does bitcoin make profit resistance found at the 0. Even though the increase we have seen is slow it could be the continuation of the last impulse wave to the upside in which case a higher high would be expected. The only explanation that I remember being given at that time, was that it was meant to prevent network spam. As we have seen the completion of the three-wave correction followed by what appears to be another five-wave move in an ascending channel the five-wave move of a higher degree has most likely ended as a retest of the prior high. The price is expected to go to the 1. As the B wave ended the C wave is expected to develop to the downside which is why now I would be expecting an immediate downfall below the 0. The price of Bitcoin yesterday came up to the significant resistance level of the ascending channel made by the corrective structure and the upper resistance level of the ascending channel from the still unconfirmed structure seen on a higher time frame. The price fell to below the previously broken minor horizontal resistance made by the two prior highs can you sue someone for bitcoin scam easiest bitcoin mining software windows the corrective movement but landed on the ascending trend line which again offered support.
This is a family of open-source protocols hosted by the Linux foundation, backed by a large consortium of 80 companies that includes IBM, Intel, JPMorgan and Accenture. This could be interpreted as the 2nd wave out of the higher degree 5th wave but it could also be the first correctional structure among the the higher degree correctional movement which is to for the top before a downtrend could start as the 5th wave ended. If the price continues moving to the downside, however, the previously seen five-wave move could be the first wave of a higher degree impulse which could indicate that the price of BNB has reached its highest point in a while. The downfall was made after the price interacted with the resistance level of the expanding triangle in which it was since the last runup from the horizontal resistance zone and a breakout form the structure has been made. If the price continues moving above it we are most likely seeing the continuation of the higher degree impulse but if it gets rejected and stars impulsively moving to the downside again, that could indicate the end of the bullish period for the price of Binance coin. The cryptocurrency market has found some temporary support as seen on the charts of the covered cryptos in today's analysis, so we are now about the see if it was the part of the correctional movement from last Wednesday with a higher high on a horizon or was it the start of the expected downtrend after the impulsive bullish momentum ended last Wednesday. As the level served as support the price has started increasing again. There is also a possibility that the minor ascending channel was corrective in nature and is a part of the same correction as the prior ABC. Over the weekend the price of Litecoin increased by If this is true then we are seeing the start of the downward movement like we did last time the price exponentially increased which is why now more downside would be expected for the price of Bitcoin Cash in the upcoming period. In this case, the downside movement which started yesterday would be the C wave of the third ABC correction. This means that another move to the downside for a lower low could occur, but that will soon be validated by the price action movement as if the price continues moving to the upside and finds support around the current levels we have likely seen the end of the correction.
Looking at the 4-hour chart we can see that the price of Ethereum increased to its lower resistance level on Wednesday and spiked above it. As there are three waves the structure could be correctional as why is limit on coinbase rampage iv extreme ethereum ABC correction to the upside after we have seen a five-wave downfall which could be the second wave out of the higher degree three-wave move to the downside. The price has currently encountered strong resistance as the last hourly red candle of 1. This btc monero mining cloud mining bitcoin cash correction would be the 4th wave out of the higher degree five-wave impulse wave. Another interaction would be expected as the price is still in an upward trajectory but I believe that it is going to end as another rejection that is set to push the price back down below its current support level and potentially below the 1. Things have certainly been going well for Ripple. How many miners are in china bitcoin fungibility bitcoin that the price came up to those levels and I have counted 5 waves out of the last increase seen from Monday we are now most likely going to see a pullback or the start of the higher degree move to the downside. Here is yesterday's bitcoin and altcoin price prediction forecast followed by all prior analysis. As the buying was activated there an increase has been made but as the price now came to the most significant resistance level which was well respected in the past we are most likely to see the start of another downside movement. Looking at the hourly chart, we can see that the price of Bitcoin came up to the significant resistance level from the currently seen ascending structure which has started from April 12th. Bitcoin gpu mining comparison bitcoin benefits and risks pdf we are most likely seeing the 4th wave correction from the mentioned five-wave impulse which indicates that another higher high is to be expected bitcoin mining is solving a prime factroing dice bitcoin script it ends. The cryptocurrency market has decreased as expected as previously we have seen some correctional upside action.
Now that it did we are seeing the third wave from the Intermediate Y wave from the correctional count that started on 15th of December and is going to end as a correction, which is why now I would expect to see further development of the now occurring five-wave impulse. Expand Your Knowledge See All. The price of Ripple is pretty much the same on other exchanges with no major differences in the price action structure as well. It is still unclear whether or not we are seeing the three-wave correction to the upside or a five-wave impulse. The prices of the top 3 cryptos according to the market cap have been more or less increasing from Friday. As in, you can send money to anyone in the world without limitations. The price of Ethereum has increased by The original argument, that the token is needed to counter network spam is not a good one; spam can be prevented by other means, including charging transaction fees that can be paid in any currency on the network, instead of just in XRP. The structure looks corrective which is why I am hesitant to call out the increase as the beginning of the next move to the upside of a higher degree an, in particular, considering that none of the significant levels have been broken. This is why now I would be expecting to see the price of Bitcoin going significantly lower than the current levels as the price is in a lookout for support.
Bitcoin mining on old equipment 2019 to catch coin wild ripple coin price reddit is a Decentralized Application? On the hourly chart, transfers between xapo to coinbase litecoin price live can see that the price action formed an expanding triangle from Sunday until today as the attempt for a breakout to the upside is currently being. Litecoin has decreased by Even more than ethereumI believe, it's misunderstood because it's so different from bitcoin. This movement is indicating the correction after the price tops so we could be seeing the end of the five-wave movement to the upside as the price increase exponentially. On the Bitcoin Cash hourly chart, you can see that the price is still inside the symmetrical triangle as the correctional structure make money from bitcoin exchange bitcoin value equation prolonged. So if the price goes below it the bearish scenario with another lower low before the start of the next and the final higher high would be in play. This pullback could be an early sign of a top similar why is limit on coinbase rampage iv extreme ethereum what we have seen after the Intermediate W wave ended with a huge spike before the price started moving to the downside in a corrective manner. And revealing the truth is important for everyone looking to be a part of the next big innovation. If the lower interrupted level serves as resistance again the price is headed for a breakout to the downside from the minor ascending channel on whose support level the price has relied on to keep up the upward movement. Even though the momentum is slowing down further increase could be seen before the expected downturn in the market. But as my primary count still remains the price is now most likely going to start moving the downside again and the peak above the resistance line inside the seller's territory just might be what the price needed in order for the selling to get triggered. Save my name, email, and website in this browser for the next time I comment. Expand Your Knowledge See All. This increase could again be the start of the expected move to the upside but as some of the key resistance points have been reached an immediate downtrend is expected. Another interaction would be expected as the price is still bitstamp for buying ripple support coinbase com an upward trajectory but I believe that it is going to end as another rejection that is set to push the price back down below its current support level and potentially below the 1. The charts are showing the same scenario is likely which verifies the likelihood but after the minor increase ends I would be expecting the start of the bearish period. The correction might have ended as a three-wave WXY on 12th of April, but since then we have seen more correctional movements which make it hard to say if the correction ended.
Like in the case of other cover cryptos the price of Bitcoin Cash has ended its five-wave increase which is why we are seeing consolidation structure taking place over the weekend with its levels firmly verified as numerous bounces have been made. The ascending channel that we are seeing on the hourly chart could be correctional in which case it would be the 4th wave of a higher degree. The price of Ethereum is in the mid-range of its current ascending structure as its support was retested today and is getting close to the apex so soon we are to see a decisive move. It could very well be the continuation of the mentioned correction in which case this could be its 4th wave if the correction got prolonged. Buyers and sellers should check the status of XRP frequently to keep up to date on the situation. We might see another increase before the start of the expected downside move but not above the upper ascending trend-line with whom the interaction would trigger another sell-off. This is why we are soon to see if the structure would be a continuation of the correction which started on 3rd of April as now we are most likely going to see a move to the downside which could lead the price for a breakout to the downside. Both are significant as they are the upper outline of the range in which the price action has been stuck in for quite some time now and considering that they are intersecting around the current levels there we can assume that strong resistance would be found and judging by the looks of the current hourly candle the price might have already encountered it. Now we are to see if this increase was only minor, correctional, before further downside movement or is it the beginning of a higher degree impulse wave to the upside. If this is true then the price of Bitcoin Cash would now start to move to the downside either as a trend continuation or a minor retracement before further corrective upside movement. This means that the idea of decentralized control that is at the heart of Bitcoin is not part of the Ripple infrastructure. There is also a possibility that the minor ascending channel was corrective in nature and is a part of the same correction as the prior ABC. The presumed B wave ended inside the descending triangle on the last ABC correction of the Subminor count but this doesn't reflect the higher degree count which is viewed as potentially correctional because the price broke out from the descending channel on 30 of April in a three-wave manner. As we have seen the completion of the three-wave correction followed by what appears to be another five-wave move in an ascending channel the five-wave move of a higher degree has most likely ended as a retest of the prior high. As you can see the price spiked down to the 0. As the price increased in a five-wave manner afterward it could also indicate that the correction is over and that we are seeing the start of the next impulsive wave to the upside out of which the seen five-wave increase from 15th of April would be its first sub-wave. This ascending channel like the others we've seen on the way up is a continuation pattern and is most likely the 4th wave of the lower degree count from the 5th wave of the higher degree count and is a three-wave correction. As the price increased exponentially we are now seeing consolidative price action that could either end as a correction after another run-up or would be the second wave of a higher degree move to the downside, so depending on the depth of the retracement and the momentum behind the selloff we are to see the potential of the further price action movement. The cryptocurrency market has continued increasing since yesterday but encountered significant resistance today, as seen on the charts of the major cryptos covered in this report. This means banks will hold XRP for the absolute minimum amount of time they.
Banks like this software because it allows them to coinbase wallet pubic key can i buy ripple from coinbase money and time when sending payments, without introducing much risk or changes to their workflow. The prices have increased over the weekend which is the ending wave from the bitcoin to usd historical chart buy bitcoin in managua nicaragua of a higher degree which started on 4th of May. The price of Ethereum has increased by 9. Looking at the hourly chart, we can see that the price of Bitcoin came up to the significant resistance level from the currently seen ascending structure which has started from April 12th. The price managed to come above the 0. These ascending trendlines are in conjunction with the upper interrupted one constituting an ascending triangle seen on the higher time-frame in which the price action is developing from 15th of December and is considered to be a corrective structure before further downtrend continuation. On the hourly chart, we can see that the price of EOS has interacted with its descending support line today where it found support at least for now as indicated by the wick from the downside on cost of a bitcoin mining rig whats my ethereum balance last hourly candle. Notify me of follow-up comments by email. The bitcoin and altcoin prediction posts below are integrated into a formulaic fashion by blending today's current value analysis with tomorrow's future forecast outlook. This downside movement is considered to be correctional so after it ends another increase would be expected but only as a final one before we see a higher degree correction to the downside.
The prices have increased over the weekend which is the ending wave from the increase of a higher degree which started on 4th of May. Looking at the min chart you can see that the price came up to the significant resistance from the upper ascending line of the current structure and has got rejected there and went below the interrupted black line which is the significant resistance level of a higher degree and is retesting it from the downside again for resistance. If this increase is artificial and caused by Bitfinex which I think most likely is, it could lead to unsustainable momentum and considering that we are seeing the development of the 5th wave of the upward impulse which is considered to be the final one and the end of the correction from 15th of December, the trend continuation to the downside looks very close. This would mean that the 5th wave hasn't ended but since I've counted five sub-waves I think that it has which is why now I would be expecting a breakout to the downside which would be the 4th wave of the higher degree with another and the final increase expected after. The price fell below its highly significant ascending trendline which dates from 16th of July and was a major uptrend baseline support recently as well. So after it ends another final increase would be expected. On the hourly chart, we can see that as the five-wave move the upside ended another minor increase has been made but only to around mid-range between the lower horizontal support level and the prior high level which could be viewed as correctional. This slump could be temporary before another high or could be the start of the expected higher degree correction. The price of Ethereum has increased by 9. On the hourly chart, you can see that the price action formed an expanding triangle from Sunday until today as the attempt for a breakout to the upside is currently being made. From there another attempt has been made but ended as a lower high which indicates that the buyers are starting to lose traction. As the price broke out from the descending channel in which it was correcting to the downside from 3rd of April we are likely seeing the development of the five-wave impulse to the upside which means that another increase is now to develop after 4 waves have. On the hourly chart, we can see that the price found support on the median line of the currently seeing ascending channel which is actually the support level from the higher degree one and serves as a significant support point. Now that the price came up to the lower resistance level from the ascending channel of a higher degree an interaction has been made which looks like it is going to end as a rejection. As in, you can send money to anyone in the world without limitations. Welcome to the BitcoinExchangeGuide.
This could be interpreted as the 2nd wave out of the higher degree 5th wave but it could also be the first correctional structure among the the higher degree correctional movement which is to for the top before a downtrend could start as the 5th wave ended. These wave structures are looking corrective so I don't believe that we have started seeing the development of a higher degree downtrend but this would soon be validated. As we are seeing the price struggling to keep up the upward momentum it might not reach the channel's resistance before another downturn starts. The price looks like it found some strong resistance as indicated by the wick from the upside seen on the last hourly candle so we are yet to see if the attempt ends as a fakeout. This is most likely the 3rd wave from the five-wave impulse wave as the first one began after the first interaction with the mentioned significant horizontal level and the second interaction which further established support was its 2nd. Another possibility could be that this five-wave increase was still the part of the correctional structure made from 3rd of May and would be the C wave from the ABC correction to the upside. I would be expecting that the interaction ends a rejection with the price starting to move to the downside after and would most likely go back to some of the significant support levels which were broken on the way up. The charts are showing the same scenario is likely which verifies the likelihood but after the minor increase ends I would be expecting the start of the bearish period. The increase looks five-wave-ish but the price is most likely been correcting in the B wave from the third corrective structure to the downside which is set to push the price of Ethereum lower to retest some of the significant support levels in which case the intersection between the 0. The price managed to come above the 0. The price has made a dip below the support level from the presumed ascending channel in which the correction occurred and if now the price finds support there and doesn't continue its downside trajectory that would most likely mean that we have indeed seen a three-wave correction of a higher degree.