- Ethereum showing signs of an ABCDE wave upwards.
- Stopping at $1375, now looking to retrace down to the first fib level $1146.
- If Ethereum indeed completes 5 impluses, according to the fib extension a .5 extension would see Ether rise to $1644.
I'm seeing a pattern build up here between Ether and what Ripple experienced. Currently forming an ABCDE wave and is now repricing downward on the 4th wave. If it hits the first fib level, then going by fib extensions it may rise to the .5 extension stopping at $1644.
But would $1644 be enough for Ether? Looking at Ripple's last wave up, it was a long fib extension up past .5.
I'm bullish short term (unless bitcoin starts to rally) though any further spikes up would be the last before a reprice -> Unless Ether turns out to be the one to repeat 2017 performance.
All other majors performing badly except (strangely enough) Ethereum's competitor Ethereum Classic.
- Stopping at $1375, now looking to retrace down to the first fib level $1146.
- If Ethereum indeed completes 5 impluses, according to the fib extension a .5 extension would see Ether rise to $1644.
I'm seeing a pattern build up here between Ether and what Ripple experienced. Currently forming an ABCDE wave and is now repricing downward on the 4th wave. If it hits the first fib level, then going by fib extensions it may rise to the .5 extension stopping at $1644.
But would $1644 be enough for Ether? Looking at Ripple's last wave up, it was a long fib extension up past .5.
I'm bullish short term (unless bitcoin starts to rally) though any further spikes up would be the last before a reprice -> Unless Ether turns out to be the one to repeat 2017 performance.
All other majors performing badly except (strangely enough) Ethereum's competitor Ethereum Classic.
Note
On final leg of ABCDE. Final legs can be short but for anything near 1500 it will need to breach 1375.Note
Going on it's final leg up of the ABCDE. Past 7 4h candles have been bull. Looking to reach up the last E pulse before major reprice.Note
Looking strong, though adjusting my current graph, should ethereum actually break all time high again, I'm revising the next high at $1,500 levelNote
And it breaks ATH - now to 1475Note
Annnnnd finally Ethereum is done with it's final leg up.Not enough strength from the bulls to burst through 1500. Next time Ethereum! Everyone loves the bulls.
Note
And Ethereum bounces off 1261! Showing signs of strength here at the first fib.Note
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** This information is for educational purposes only and is not advice for investments or trading **
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.