TheKingOfAces

ETH doesnt look to bad in the grand scheme of things

Long
TheKingOfAces Updated   
BITFINEX:ETHUSD   Ethereum
Out of all the crypto out there, I believe ETH is the closest to being done with its major correction. If you take a look at it from the beginning of the correction back in December - January it has almost completed if not completely completed a WXY wave. If you follow the WXY Elliott wave rules, the bottom should of been $119 which ETH already touched and bounce off. So in my opinion ETH is ahead of the recovery game if you ask me. So I give this Crypto a buy at any price between $80 and current price of $124. Now why do I say $80 if you just heard me say it touch the target? Well, because there is still a bottom trend line that hasn't been touch and the price is around $80 and even though it doesn't have to touch the trend line it still can. Overall is a good price though.
Comment:
ETH hit $83, but it has taken to long to do so and now the trend line is running away and moving lower. I say there is a great chance ETH could see $60's. Still Short on this one!

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