Hello!
Let's look at the daily chart of Ether. I guess that the peak of Ether price was at the end of the 3rd impulse wave, and 5th wave was truncated. At this moment we are at the beginning of retracting wave C.
Wave B retracted nearly 0.618 part of wave A, what introducing some confusion. Is wave B (0.618 and more) deep correction of A or flat.
So I guess there are two outcomes:
1) The most likely - we go to about 300-320 dollars per coin, which is 1.618 level from wave B.
2) Wave C will end on about 450-470 dollars, this if B is deep.
Let's look at the daily chart of Ether. I guess that the peak of Ether price was at the end of the 3rd impulse wave, and 5th wave was truncated. At this moment we are at the beginning of retracting wave C.
Wave B retracted nearly 0.618 part of wave A, what introducing some confusion. Is wave B (0.618 and more) deep correction of A or flat.
So I guess there are two outcomes:
1) The most likely - we go to about 300-320 dollars per coin, which is 1.618 level from wave B.
2) Wave C will end on about 450-470 dollars, this if B is deep.