maikisch

Morning Update: Below $1800 we look to $1569

BITSTAMP:ETHUSD   Ethereum
Until ETH gets below $1800 the chart can still push higher. However I believe the odds are we've topped and are now JUST starting to carve out a pattern to the downside. The forms this wave V can take are ideally and impulsive 5 wave pattern or an ending diagonal. Below $1569 is our first major clue, and below $1277 we get confirmation.

If we have topped, I would venture to guess wave V will take at least 2 to 3 months to complete.

Best to all,

Chris

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