Looks like a continuation pennant so this breakout I believe will mean move into a higher channel and then onwards and upwards. Watch for incursion back into the channel it's is currently in though - could stop you out if you're not aware of the risk.
The corrective rising wedge broke out , scaled in, target up is 3100 + for this pattern for assured profit. Only some USD from ATH breakout for ultimate confirmation, Ichimoku cloud signals positive on each and every timeframe.
Since we are on a post-majorcorrection breakout, leverage is maximum.
1.618 Fibo of complete corrective downward retracement and fully ...
BTC short VS ETH long idea
Whenever ETH touches 0.1 , BTC gets all emotional.
Add that to the fact that BTC hasn't completely finished consolidating after it's pump and you get what I've outlined here.
Based on last nights' observations, there are some whales with deep pockets who are very interested in keeping ETH price stable above 0.09 and I see them ...
The 3 Hard Rules of Elliott Wave Theory and 3 Guidelines
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1
Rule 2: Wave 3 can never be the shortest of the three impulse waves.
Rule 3: Wave 4 can never overlap Wave 1
Guideline 1: When Wave 3 is the longest impulse wave, Wave 5 will approximately equal Wave 1
Guideline 2: The forms for Wave 2 and Wave 4 will ...
