I was thinking the same like 10x + off 3/31's 18.01 low. ETCG now sports 4 gap up's (Breakaway, Acceleration, Continuation, & Exhaustion (?)) to today's high in what is certainly a 3rd of a 3rd wave, a 4th wave will follow but I'm not certain a 3rd wave high is done, coming under prior low 82.02 would be first evidence of completion. Then I would look for a common 4th wave retracement @ 38.2% of wave 3, it could go down as much as 61.8%. Ethereum probably has another $400-600 in the entirety of wave 3 to the upside and this is trading in sympathy but more dramatically so far.
@pechi123, great analysis and thanks for the charts!
pechi123
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@jfridrich, I didn't post a chart but I described the potential price movement so you can plug it into your chart.
pechi123
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Though premature a triangle may be forming, Wave (a) is Friday's low 52.22, (b) might be today's high 73.97, with (c) wave down in progress but above 52.22. Thereafter (d) up in the vicinity of 73.97 but lower, then (e) down above (c) where ever that forms. Coming under 52.22 would break a triangle count and likely mean C down was in force of a A-B-C correction with 79.49 the B high, and 73.97 is (b) of C. I look for triangles because they're common in a 4th wave especially in cryptos, if it is, when (e) is done then there would be a terminal thrust to a new all-time high. If it plays this way then the entire 4th would be a combo ZigZag followed by a triangle, alternatively a ZIGZag or double ZigZag is still in progress if 52.22 breaks.
pechi123
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Another potential triangle count broken. If equality then C=A @ $30.19, if next common then C=1.618 x A @ $25.16, Fibonacci 78.6 @ $37.84, 61.80% @ $50.27 surpassed. There is also a gap from 5/3-4 42.26-43.2.
pechi123
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ETCG if a triangle then wave C is forming now, will see if 64.21 holds. It's already a bit above the typical 38.2% for a 4th.
pechi123
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There are 4th wave corrections today in BCHG, ETCG, & LTCN. In ETCG, if the top to today's low represents A of an A-B-C correction and IF 79.49 is B (too early to tell) then equality or C=A @ 47.70 most common relationship, next is C= 1.618 x A @ 28.05, but I doubt this as all gaps in the 3rd wave would be filled. Additionally, until today's low is taken out, it could be a combo pattern like ZIGZag, and a Triangle, wherein A= 64.21, B=79.49 with C down, D up, and E down to come then a terminal thrust out of a triangle to complete a 5th wave. If 64.21 is taken out then it's not a triangle. Additionally if B=79.49, coming above would probably mean the low is in though it's still too early to tell if this is the B high.