Based on Elliott-Waves and Fib-Theory this could be a possible scenario for ETH. This scenario is also backed by a fundamental theory: If BTC discussions about the Fork will go on, ETH is a solid alternative for people who dont want to speculate with a BT-C and BT-U coin.
To get maximum profit you should wait for the end of the actual correction phase (A,B,C).
But there need to be a solid buy signal at C - otherwise we will see ETH falling...
To get maximum profit you should wait for the end of the actual correction phase (A,B,C).
But there need to be a solid buy signal at C - otherwise we will see ETH falling...
Trade closed: target reached:
Target reached - took a little bit longer than expected. I am going to prepare a new chart in some days.