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acostalugo85
Dec 3, 2017 6:23 AM

Fifth wave Ethereum Long

Ethereum / U.S. dollarBitstamp

Description

Ethereum just did and amazing third wave, fourth wave was quick but it teasted a couple of support, so I think its ready to go up, but it might first try to retest one or two of the trend lines that are helping to go up, the target its around 540.

Trade closed: target reached

it looks like its going to be an extended wave

Comment

tradingview.com/chart/DvEV02zg/
Fifth was an extended wave, 1.618 of wave 1, lock some profits and lets wait if this trend can keep going up or if its going to correct.
Comments
Masterstroke
Nice TA thanks
acostalugo85
@Masterstroke, Thanks!
ll21LAMBOS21
Your waves are confusing me. I think your waves are short term? I plotted the 5 subways that will complete wave 3 in the longer trend. :) We're in for a nice start to 2018
acostalugo85
@jack_denaut, Yes, the bullish movement its short term, it startet september 15, when it was at 201, wave 3 its 1.618 wave 1 and wave 5 its the same lenght that wave 1.
tradingview.com/chart/DvEV02zg/
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