I have so many charts on Trading View that I am now getting around to naming them and keeping them organized. I have a long-term chart on Solana, and the above is Ethereum. I plan on building one for BTC as well.
The above chart is ETH from its inception. Price appears to hitting extensions in a relatively standard manner. Truth be told the wave i of primary 3 I have liked it to have hit the .768 so it is possible we could sub divide along the way to eventually get there.
What was enlightening to me is ETH is far ahead of Solana in its long-term chart. Now that may seem like a DUH moment, but I only recently started paying attention to ETH. With the last 2 weeks of Crypto capitulation, I was thinking we would get OML in Solana, Bitcoin, and Ethereum. All hit new lows.... BUT NOT ETHEREUM.
It is possible the $883 low back in June was the wave ii of 3 low and we're now sub dividing higher. I need to rebuild my daily and intraday ETH charts. I lost track of them on TV somehow...don't ask me how that happened. Suffice to say, I have searched all my charts for my ETH work and it appears I'm starting over. That may not be a bad thing....to attach fresh eyes to such a huge opportunity chart as ETH clearly is...worth it.
Nice work, mate! Totally agree with your way of thinking!
bizmark
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Clean trendline, good work! Most of analysts wouldn't be able to draw it themselves like you did. Here is my ETH take:
TSuth
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you really think ETH could hit over 250k in 4-5years??? If that's true then why mess with Solana? lol
maikisch
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@TSuth, Ask people who bought Solana at $4 and maybe they SOLD at 260..to answer you question yes, I think that happen. Timeframe is a guess...but structurally it fits. Why mess with Solana? OK....I won't go into my diatribe. Just read this.
bizmark
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@TSuth, EDIT: sorry, I did read your comment wrong, so I replied to something you didn't actually write. :) I removed the content of my comment as it's not possible to delete it completely.