ETH ABC Correction, Revised
Well my initial theory was void today as we have a higher high above $1170. We do now have a upper trend line for a rising wedge which is a bearish pattern and possibly the B to our ABC. I think the target for C will be somewhere between the .5 and .618 of the overall weekly 5 wave from around 40 cents (see a log chart) and will form the weekly wave 2 of a weekly super cycle.
It is also possible that my count is off and that we are entering a wave 5 now. I will be keeping an eye on this rising wedge.
It is also possible that my count is off and that we are entering a wave 5 now. I will be keeping an eye on this rising wedge.
Note
Nearly finished.Note
Goal!! ;)
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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.