Long

EW Count ETH/USD

Updated

I'm always amazed at how powerful cryptos are. Especially in wave 5, the good thing is that a big cycle wave 5 is probably running right now.
I underestimated wave five of the first wave in the last analysis. I was very surprised by prices over 630. And maybe there's still an overshoot. But I'm sure Wave Two will come. And this will be a good chance to get in.

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Here is the bigger picture, Ether price since August 2015.

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It seems the wave two has started.

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and the 5min Chart

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A small update to the EW Count. Ether is currently trapped in a triangle. I'm not sure this is really a wave two anymore. If he leaves the triangle upwards, the alternative count would be valid. If it falls below the triangle, I expect the correction to continue.

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Here is a larger view for the alternative scenario.

crypthereum

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