HydraFinance

ETH about to Jump into 2200

Long
BITFINEX:ETHUSD   Ethereum
We can see a motive wave in progress making steady progress up. We have a bit of factors that could confuse the novice in wave analysis since the flat that comes as the 4th wave of our impulse displayed an unorthodox top as wave B (2150) of said flat. Ultimately the pattern looks very mature at this stage, thus Im expecting a break above the whole pattern structure. This would give us travel at least above the high of wave B and most likely moving right into 2200 territory. This scenario gains strength once it moves above wave Cs sub-wave 4 (2105).

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.