alessandro.pizzoferrato

ETH trend similarity with BTC

BITFINEX:ETHUSD   Ethereum
BTC in the last month generated a pennat that was broken in a downtrend and now is generating an ABC Elliot wave. ETH is creating a similar chart pattern delayed of few weeks compared to that of BTC.
ETH broke a pennant in the last days, reaching the 50% retracement. Probably an ABC Elliot wave could be created, with ETH price rising to 870 USD and then dropping to 550.
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