crypthereum
Long

Big Picture ETH Elliott Wave count

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
The ether is currently in a triangle. To me this seems to be a wave four in the first wave one. If he leaves the triangle upwards, which can take 1-2 days, the target is up to 1000$. This would then also be the 68% retracement of the entire downward movement since January.
Comment: Here is the current triangle. Great would be a last correction wave "E" together with a positive divergence of the RSI indicator.
Comment: It looks like Ether has already jumped up. I think this is very positive!
Comment: Next stop around 900$
Comment: Current count of the first wave. Let's see if it's really finished..... sometimes I'm a little early with my ideas ;)
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Comments

are you sure? seems a bit hesitating... should surpass clearly the 700 mark?
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crypthereum lucianob66
@lucianob66, Yeah, you're right, it's safer to wait for the 700 mark.
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lucianob66 crypthereum
@crypthereum, you were a bit too optimistic :)
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crypthereum lucianob66
@lucianob66, You're right, I was too optimistic. My key learning is that Elliott waves are not an exact science ;) After all, I'm pretty optimistic that wave two is now running. At prices below $600, I'll probably get back in.
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