The little brother of bitcoin managed to break above the top of wave (i) too, and the chart is almost identical as of now.
Like I said in bitcoin, we expect that a wave (c) will start in the next days and we will be curious if an expanded flat or a running flat will unfold.
Please note that we are already invested in Ethereum since the 15th of June, back then we announced our first positions here on tradingview.
Long Ethereum (ETHUSD) AVERAGE EXECUTION PRICE: 1’057.6$ STOP-LOSS: NONE LONGTERM Target: +8’000$
great video. could you call out the expected price targets for the running flat and expanded flat price areas, it's hard to see the numbers on small mobile screens. thank you so much!
The following levels are important if we establish a (b) wave:
Running flat - The most optimal target of a wave (c) in a running flat ranges from 0.618 to the 1.00 extension of wave AB. However based on the chart movements i suspect that we would reach the 1.00 extension or even slightly lower levels. See the level on the chart, 20'887$.
Expanded flat - Here the most optimal targets range from the 123.6 to the 1.618 extension, this would mean that we would reach prices somewhere between 19'555$ and 17'400$.
satiev1
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What’s the target c price range? I can’t see on the video too small
Mendenmein-Capital
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@satiev1, As of now anything between 20'887$ and 17'400$ is possible, see my other comment where i explain this in a greater detail.