790$ ETHEREUM ON THE HORIZON!!
Updated
With an updated wave count and using Fibonacci my next logical price target is around $790 which would be the 2.618 fib region indicating an extended wave 3. IF we reach these levels I expect a significant correction to around 630-670. This is based off of the rules of elliott waves stating that if wave 2 has a shallow sideways retrace then expect a sharp and large wave 4 correction. All the indicators are showing overbought right now but just need a small corrective phase to reset a little before continuing the climb up. Im keeping a close eye on this right now as its been a long run almost straight up and will need to correct sometime soon, possibly before the 2.618 region. Thanks for viewing and remember this is just my OPINION on what i think eth will do but no guaranties. Crypto is crazy after all haha
Note
So looks like we didnt make the 2.618 region but we have now corrected off of wave 3 to the .5 fib region and have given the chance to reset the rsi here so im looking for a little more sideways and possibly down movement before we start wave 5Trade closed: target reached
little heavier correction than anticipated but hit our target of 790 on the money!!
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