Get started

Ethusdcoinbase

ETHEREUM | Primed for Breakout into Wave 5Ethereum is looking very bullish, with only a short time before confirming the end of the correction and resuming bullish impulse waves within the larger Wave 5. After the descending resistance line (in pink, from 288-270ish) is breached, now at 277-275, I expect a small patch of resistance at the previous high of $288. Breaking the line should bring bulls to push price over $300, followed by short sale liquidations (buy back at loss) pushing price higher to $320-$330, which is also ETH's next major resistance level from historical performance. I believe we'll encounter a minor ABC corrective wave after topping out $325-$350, dropping back near $300. I suspect the following impulse waves to blow through the $300's, with a short pit stop at $385 before running to $420. IMO, $420 is a very important number to watch. I think that price area will be very sensitive, propelling price to $485-$515, or rejecting it back into the mid 300's. I don't write many analyses, but feel this one was worth jotting down and checking back on after the ride :) Cheers! Target 1 = + $96 | 30% gain Target 2 = + $187 | 58% gain
COINBASE:ETHUSDLong
by bbanno2