ETH - Logarithmic Chart & Potential Truncated 5th Wave
Updated
Looking forward for ETH to break up the downward sloping resistance as shown on this log chart - this should result in major move to the upside probably up to 350-400 (short sellers will see an absence of long term supply (resistance) - which will cause an additional demand as they will start covering up) where the price should be met with strong resistance. Major bullish divergences across large TFs can be observed with OBV and RSI. Potential truncated wave 5 of corrective leg C indicates that there is exhaustion of sellers and the trend is about to reverse. Overall - an entire 2018 for crypto seems to me like a relentless and fearful campaign that is coming to an END. Let the bulls out!
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