Eth has been moving in a long term Fib trend while following a macro Elliot wave.
I think well see quite a bit more consolidation as the 4th wave finishes its sequence.
BITFINEX:FTMUSD
FTM is looking like its ready to resolve its 5th wave structure.
Will it blast into price a new price discovery, or double top, into an ABC correction?
BINANCE:ETHUSDT
I think the basic trend ETH seems to be on, has not resolved the same way BTC has been.
Perhaps after a correction from the 1.272, Eth will take a bounce off the upwards trend line, going full send into a 5th Parabolic wave.
Thoughts?
