quantmaven

Ethereum: Parabolic count is on

Long
BINANCE:ETHUSD   Ethereum
In my previous post, I expected Ethereum to reach my target of 2,900 and it did today as expected. However I noticed the crypto market and the steepening of the yield curve is supporting a stronger ascend. I present you my new Elliott wave count, which will result in a parabolic rise of Ethereum. In this new count, we finished a primary wave 2 that took the shape of a 3-3-5 flat and now we are riding the extensions of an extended primary wave 3. I would expect Ethereum to decouple Bitcoin by year end and become the most valuable cryptocurrency in the world.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.