Path for Ethereum: A Way to Max Profits in the Ensuing Weeks
Ethereum has just showed its first signs of buyer exhaustion during the last bitcoin dip.
One further dip is expected, which should make eth do a .382 retracement to around $3,340.
Since eth is still bullish and its previous weekly candle so strong, more upside is expected.
Profit taking will occur at just over $5,200.
After that a massive correction will wash out this entire market.
This wash-out will be realized starting in roughly 5 days.
Ethereum will then move in a corrective impulse downward to the .618 retracement of its move upward.
This will take ethereum to roughly $2,600-$2,800 before it resumes its upward trend and goes parabolic again.
Ultimate targets for ethereum by the end of Wave 3 are
$11,076 or
$13,033
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One further dip is expected, which should make eth do a .382 retracement to around $3,340.
Since eth is still bullish and its previous weekly candle so strong, more upside is expected.
Profit taking will occur at just over $5,200.
After that a massive correction will wash out this entire market.
This wash-out will be realized starting in roughly 5 days.
Ethereum will then move in a corrective impulse downward to the .618 retracement of its move upward.
This will take ethereum to roughly $2,600-$2,800 before it resumes its upward trend and goes parabolic again.
Ultimate targets for ethereum by the end of Wave 3 are
$11,076 or
$13,033
If you have enjoyed my work, please Like and subscribe. I will continue to create content as I study and learn to craft my own style to better my technical analysis.
Thank you.
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