This is my first idea publishment, and I would be thankful for your feedback.
Hi, I’ve been messing around with ETH chart and found something cool.
The fractal of the growth up to previous ATH is looking very similar to the one we are having right now. The dump after the previous ATH was down to 60%. To completely fulfill this pattern, ETH has to reach at least $11200, in order to dump 60% in the range of support of previous ATH.
Also if we consider Elliot Wave principal in this bullrun, we expect now to hit the last fifth wave, which is the most powerful one.
For me it looks very realistic image. My strategy for this will be to hold ETH a bit more and reach the targets, sell it off and accumulate ETH in price range $4200-$5000
Hi, I’ve been messing around with ETH chart and found something cool.
The fractal of the growth up to previous ATH is looking very similar to the one we are having right now. The dump after the previous ATH was down to 60%. To completely fulfill this pattern, ETH has to reach at least $11200, in order to dump 60% in the range of support of previous ATH.
Also if we consider Elliot Wave principal in this bullrun, we expect now to hit the last fifth wave, which is the most powerful one.
For me it looks very realistic image. My strategy for this will be to hold ETH a bit more and reach the targets, sell it off and accumulate ETH in price range $4200-$5000
Note
In the Elliot Wave part I meant, thatwe expect now to hit the third wave. But considering, that we might have a correction (4th wave) and we can expect the final fifth wave, which is the most powerful one.
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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.