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nestay
Sep 5, 2019 10:56 PM

Re-accumulation zoomed-in (ETH) 

Ethereum / U. S. DollarKraken

Description

This is a part of my previous idea


If we look to ETH, we saw a ca 50% correction and a textbook falling wedge just like previous re-accumulation before the dec 2017 pump. The falling wedge ends perfectly in our heaviest support. A target when we breakout of the wedge is the next 61.8, from there we could print another wedge while we re-accumulate for the bullish continuation to the golden ratio that lays near 650USD. Like explained in the previous idea, each cycle takes longer and is less steep so this re-accumulation could take a long time.
Comments
hyunbin8963
no more upload? :)
nestay
@hyunbin8963 i moved to twitter @nestayxbt
Dirtytorg
Nice chart. I was seeing something similar.
significant_Ant
3rd wave is suppose to be impulsive
Nikita93
Thanks for the idea!
Update, please
monguilhot
still valid? for me looking at a H&S with $223 at head! What do you think?
AltonEast
Amazing ..
happytradesmore
Wave 3 cannot be the shortest. its generally the longest. My guess it goes above current ATH
One-Up-Fx
@happytradesmore, It can and it means the the 5th wave will be huge
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