ETH LONGTERM (5Y) FORECAST
Being a NeoWave Analyst, and having self taught Elliot Wave I always loved forecasting prices of equities, cryptos since MAY 2018. Here comes by biggest prediction by far, 5 Years ahead of time. ETH has seen an incredible mass adoption and sits at Top 2 after the KING that started Crypto (considered most decentralized , I would argue) (BTC) in the history that mankind has known. ETH when ICO'd back in 2014 has seen a sharp increase in price which marks the genesis of the Wave count as A:3 ( consists of 3 waves) and until the 2018 Top it has gone on to do 3 wave patterns. Interesting thing to note here is that out of the 7 waves I marked ( A,B,C,D,E,F,G) 5 Waves took the same amount of time, one was short, one was abnormally long. NeoWave Analyst Glenn Neely has identified this patter as a Diametric Wave Pattern. After the 2018 Top, We have done another 3 wave move which is marked as Wave X , retracing just below 0.236, and just short of tapping 0.382. Price Wise or Time Wise, NeoWave Claims Similar degree waves should behave in 1/3rd ATLEAST to the preceding wave to be part of the same degree. X wave marked definitely checks that in time and Price ( retracing about 30% from the top) - Fibonacci. Remember Violent moves indicate the start of a new wave always. If there is no violent price action, it is deemed to be corrective in nature. The covid low did not start a violent price action. The violent action started a little above which is the start of the next leg ( same degree as the X wave and Diametric Pattern). While this can be viewed in many different ways , the 2021 NOV Top marked the first 3 leg up, and subsequently the 2022-2023 lows marked the X wave of the preceding 3rd leg. We are now in an advance which will be similar in either price or time to the first 3 legged move ( which can be An A wave, or a W in traditional Elliot Wave) I project we TOP around 9000-14300 by 2025 November, Then go on to Drop just below $4000, precisely $3600-$3800, before we begin a Final Advance to $34000 Which puts ETH marketcap at $3.4 Trillion approximately. This is a Bold Prediction and I am happy to be wrong about it, but Neowave Suggests an ABSOLUTE TOP for a longggggggg time around 2028 NOV - 2029 JAN which then starts a prolonged correction , correcting the move from the ICO lows to 34000. Happy to answer any questions or queries. This Wave Count has taken into consideration of Price analysis , Wave Analysis, and Time analysis, and Structural Analysis set out by NeoWave and ElliotWave. I have also used FIBONACCI to set price points for Trend Reversals.
P.S - THIS IS NOT A FINANCIAL ADVICE. YOU ARE NOT TO BE TAKEN THIS SERIOUSLY ESPECIALLY WHEN YOU ARE "INVESTING" OR CONSIDERING TO "INVEST" YOUR HARD OWNED MONEY. THESE ARE JUST MY OPINIONS AND PREDICTIONS INTO THE FUTURE OF THE PRICE ACTION FOR ETHEREUM . STAY SAFE AND TRADE SAFE
- HawkEyE
AKA
PMP
P.S - THIS IS NOT A FINANCIAL ADVICE. YOU ARE NOT TO BE TAKEN THIS SERIOUSLY ESPECIALLY WHEN YOU ARE "INVESTING" OR CONSIDERING TO "INVEST" YOUR HARD OWNED MONEY. THESE ARE JUST MY OPINIONS AND PREDICTIONS INTO THE FUTURE OF THE PRICE ACTION FOR ETHEREUM . STAY SAFE AND TRADE SAFE
- HawkEyE
AKA
PMP
PP
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.