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Ethereum
Long

Big Picture ETH Elliott Wave count

By crypthereum
Updated
The ether is currently in a triangle. To me this seems to be a wave four in the first wave one. If he leaves the triangle upwards, which can take 1-2 days, the target is up to 1000$. This would then also be the 68% retracement of the entire downward movement since January.
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Here is the current triangle. Great would be a last correction wave "E" together with a positive divergence of the RSI indicator.
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It looks like Ether has already jumped up. I think this is very positive!
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Next stop around 900$
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Current count of the first wave. Let's see if it's really finished..... sometimes I'm a little early with my ideas ;)
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Elliott WaveetherEthereum (Cryptocurrency)

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