ETH bullies

The bulls have taken back ETHUSD


  • Ethereum's has completed a full 8-wave cycle

  • Corrective wave C has completed almost 50% retracement of cycle

  • Corrective waves A and C are pushing against the steep impulse waves 1, 3, 5

  • Its time for a new impulse wave if C is complete, I predict this wave to be bullish

  • Breaking 0.5 Fibonacci retracement ceiling sets a new target of $360 USD at 0.382 resistance

  • Uptrend is dramatically respecting Pitchfan - headed straight for $308

  • The ascending channel following the break in down trend is beginning to form a bull-flag

  • Decision time is in 3 days and 16 hrs, there is a potential 3% gain in ETH's current price until then
  • C wave is not yet guaranteed complete

  • Stoch RSI shows rising into "overbought

  • Volatility is being promoted - represented by the candlestick's lower lows and higher highs - as well as the volume's lower lows and higher highs

    Tl;DR
    Does a bull shit in the woods?
    ETH has more than broken its downtrend and is signalling a bullish trend in more ways than 1, stay along for the ride to watch our historic resistances tested by this bullish trend - but ensure you set a stop loss I recommend your long position begin at my little flag i set up
Bullish PatternsElliott WaveEthereum (Cryptocurrency)ETHUSDGannLONGTrend AnalysiswaveWave Analysis

Disclaimer