Path for Ethereum: A Way to Max Profits in the Ensuing Weeks
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Ethereum has just showed its first signs of buyer exhaustion during the last bitcoin dip.
One further dip is expected, which should make eth do a .382 retracement to around $3,340.
Since eth is still bullish and its previous weekly candle so strong, more upside is expected. Profit taking will occur at just over $5,200.
After that a massive correction will wash out this entire market. This wash-out will be realized starting in roughly 5 days.
Ethereum will then move in a corrective impulse downward to the .618 retracement of its move upward. This will take ethereum to roughly $2,600-$2,800 before it resumes its upward trend and goes parabolic again.
Ultimate targets for ethereum by the end of Wave 3 are $11,076 or $13,033
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.