My call for ETH is a target price of 380 (leg D of Elliot triangle), then bouncing back down from upper trend line completing leg E where it should test support and break out for new highs. We still need a lot more volume to reach D on time for the correction to take place before the end of November.
Please: comments are more than welcome!!
Please: comments are more than welcome!!
Trade active:
We are about to reach (D) @376 . If so, and reversal takes place, We could be retesting fibs @340 (and 296 in a month or so if it brakes below that level).
I don't think ETH can stretch to reach the previous height of 396 ( point B), but if it does happen I'm confident it will bounce back down from there to the nearest fib support.
We are about to reach (D) @376 . If so, and reversal takes place, We could be retesting fibs @340 (and 296 in a month or so if it brakes below that level).
I don't think ETH can stretch to reach the previous height of 396 ( point B), but if it does happen I'm confident it will bounce back down from there to the nearest fib support.