oldstout
Long

ETH potential inv HS and 3rd wave new cycle?

KRAKEN:ETHXBT   ETH / XBT
Here's few ideas about ETH now.
Inverse HS is pretty easy to see.
Same as less power of downtrend (look at 100 and 200 ema ).
Going above 100-200 ema would establish potentialstrong bullish wave.
We can be in a bottom of bigger formation similar to c&h.
Targets for 3rd and 5th wave can be fibo levels (or near to fibo): .236 and .382.
Green is potential target of new wave (between R2 and R3 likely).

Good luck!
UPDATE: New LOW === chart scenario invalidation!
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Update: maybe C of 2nd wave new cycle is not done yet.
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