Ethereum could be in a large triangular consolidation (abcde). 20 weeks passed already.
We are in the last wave E.
After that, the breakup to the upside is possible.
There are two invalidation points:
On the downside it is the C point - $198 - the triangle would be invalidated below it.
On the upside it is the D point - $355 - the breakup will be confirmed beyond that point.
The target is above $500 level.
We are in the last wave E.
After that, the breakup to the upside is possible.
There are two invalidation points:
On the downside it is the C point - $198 - the triangle would be invalidated below it.
On the upside it is the D point - $355 - the breakup will be confirmed beyond that point.
The target is above $500 level.
Trade closed: target reached
