Ethereum is following Bitcoin on its way to endless 3s structures, so we are tracking either a triangle 4th wave before a last move down or a flat B wave followed by a last impulse before further decline.
Short term bias: Bullish [Potential alt season] Long term bias : Bearish [Still missing a final push lower]
Ok, the text doesn't show up, for what ever reason, those are the dominant paths for November. There is a squeeze coming up so expect volatility to spike within this week.
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Same targets, low 230s possible with an extension on the 5th wave, like bcash.
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Its hard to fit a count because of the differences on the exchanges but there is obvious resistance ahead on bfx.
Trade closed: target reached
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First target on Finex, its still trending on 5h but it has some divs popping up.
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Ethereum may have completed the C-wave of the triangle. There is still a chance for higher prices since we allow only for one complex wave within the triangle and thats often on the waves C or D.
Trade closed manually
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Closing the trade. Charts are different again, so look for a bounce at high 190s on ETH for the E wave bounce.