EthereumLong
ETH:USD- things will get wilder
The recent drop has made a nested 1/2, 1/2 count invalid and now it is shaping up to be a leading diagonal for minor degree wave 1. Broadening wedges are more common for leading diag. This means we should see an uptick on the markets very soon. As long as price stays above $1520, the leading diag will stay active. My initial target to complete minor wave 1 would be around 6k-7k. Then the real panic will set in for minor wave 2. Wave 2 following a leading diagonal is extremely violent and very quick, almost falling towards the previous degree wave 2 (around $1500). Timing the correction would be difficult. So best strategy would be to take profit on top and then start setting limit orders to reload for the longest and largest bull market for crypto in our lifetime. As stocks and currency markets are poised to head towards the lost decade, crypto market is looking to get ready for the biggest growth era in history. No one has a crystal ball, but that is what I see in the charts....
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