charterman

ETH idea update - long and short: Future looking bright.

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Long term:

ETH has seen its worst for now, bounced from support and finishing a longer symmetrical triangle.

Larger symmetrical triangle represents a larger wave 1 and 2

Wave 3 long term will see A.T.H

Short term:

ETH soon to finish wave 1 where next resistance point, larger triangle resistance and smaller ascending meet.

Wave 2 to bounce of support of symmetrical triangle which also happens to be an influential point in the past

Wave 3 short may approach A.T.H
Comment: ETH has now bounced off the predicted resistance line and is bouncing along the lower support of the triangle. Watch closely...
Comment: ETH continues to bounce off the support of the purple triangle.

Technicals now indicating to buy.

Looks like it may reach 975 again then drop for the wave 2.

All seems in order so far.
Comment: ETH continues to bounce. prediction remains the same.

Comments

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