In this video, I'll give some of my "spaceman Observation" perspective, ill talk about some Theory ( EWT ) rules ( , alternation rule, fib ext projections).
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We are on our way to the 3rd wave target by the daily chart, ETH/BTC getting stronger has we saw in the last video.
Good luck and amazing trading week ;)
now we have 3 options:
I personally see option 2 as the most realistic one, as it projects an extended 5th wave which means a deep correction right after, which gives us more power for the bigger move of ETH towards 600$
as our preview analysis showed, we are at option 1, when wave 5 length equal to wave 1 length, which means we are about to start ABC (in red) correction (some kind of flat or zigzag)
Minute - light blue:
we are at 4th wave, a correction wave, most likely it will be a shallow correction.
As we can see at the picture.
Intermediate - yellow:
By the intermediate level, we are just at our first wave, which means we will experience soon the prices getting low, most likely up to 180$ per ETH, and only then we will see even more powerful impulse 3rd wave begins.