Etherum Targeting At Least 900 In Post Triangle Thrust

Etherum breaking out of triangle pattern. Expect impulsive wave to the upside. Base channel depicted in light blue broken in typical action of 3rd waves. 4th and 5th wave still missing... No evidence that 3rd wave is finihed. 161% Fibonacci relationship of wave (1) projects Wave (3) to carry at least into 900s.

Comment:

Looking for wave (3) to extend further. Alternatively wave (4) develops now, which is the correction to wave (3). Still looking for a push into the 900s in both cases.

Trade active:

Wave (5) not in yet... still looking for more upside in Etherum.

Trade closed: target reached:

We close this trade slightly before the target is met. Maybe a bit early but nevertheless for a nice 18.4% unleveraged return within less than a week.
We do not like Risk / Return Profile in Cryptos at this stage. This does NOT mean that we see Etherum falling right now.