The idea is based on Elliott wave count.
Buying is to be initiated on the break of twice tested support and from the red box.
Once the descending trend is broken on a weekly basis then the uptrend will be confirmed.
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This is my expectation for Ethereum. Wait for the price to reach the below support and look for buying opportunity. There is linked idea with it that should provide medium term target but for long term investment, shoot for surpassing the top.
I expect Bitcoin to correct downward for an upcoming buy opportunity. Buying area should be in the 7000 area. The area shown on the chart should be just a bounce back area. I will update when the price reaches it.
For every parabolic rise there should be a correction. This one is part of the fintech craze that is sweeping the blockchain solutions.
Interestinglythe is the expected formation bullish bat and Alt-bat harmonic pattern at the same buying area.