I decided to do a quick Elliot Wave on a W ETH chart, and this shows ETH may still have one more final leg down. This is a nice pump, but I don't believe ETH will break out here. This is just a theory with approximate and not exact targets or dates. Your opinions or criticisms are welcome.
Just realized wave 5 should be a bit shorter in theory.
Have you considered the reason why it went up? I don't think ETH is going down that much soon because of the hard fork.
OPT1565
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@aboutpsm, it may not go down that much, but I do believe there will be another leg down before. I didn't really consider the hard fork due to this being purely TA, and have to take into account most traders may not even be aware of the hard fork, but thank you for bringing up an aspect of a fundamental I ignored. Either way I usually trade on confirmation, so it will be interesting to see which way ETH goes.
GG-Puentes
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@aboutpsm, hard fork will be the reason of the dump