SUMMARY
Thus far, price seems to be adhereing to the ABC correction as shown in the below chart for Ethereum (ETH). A minor correction is in progress. While there are multiple ways of counting the correction (34 possibilities); it won't be too difficult to zone in on the terminal end of the correction. IF this ABC scenario is correct, then the final C wave is likely to decline in a five wave fashion.
However, I believe the abcde symmetrical triangle option provides the better mode for ETH to take a bit more time in completing the correction. IF this scenario transpires, then a phenomenal upsurge in price can be expected as shown by the blue impulse waves and white arrow. Still, whether the correction is ABC or abcde mode; the destination won't be too different. Both pathways are expected to generate much higher highs.
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Does any technical analysis predict that $2500 target.
Nice analysis (y)
In my opinion being a learner and cryptomarket is as follows
ETH is trading at 678 dollar and for upsite momentum it needs to break 686 area first, the price was rejected earlier today from this level and started going down, now the support is at 629 :)
dear sir,
Many beautiful and important posts. Every word is very important for our steemit user.. Thank you very much for share
Never go against successful person, really you have been so fantastic here boss...
Thanks but I will not be following your TA anymore due to constantly misreading the market. I am not hating just my honest opinion after following your TA for several months now.
Coins mentioned in post:
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This bad Post.
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Wow, what a brilliantly unintelligent comment
lmao its soooo bad its funny.
what an idiot !
Great analysis, thanks for sharing. I've smashed the upvote button for you!
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