drciotti

drciotti Updated 

We are seeing a lot of support for a long bounce around the $123 mark. First major support is the peak of wave 1, which is also wave E of the ascending broadening wedge mentioned a few days ago. This also correlates to the 0.786 fib retracement of wave 3 making for a perfect wave 4 bottoming point. if this support holds strong we could expect a wave 5 to at least...

drciotti Updated 

As long as we hold support above the peak of the E wave at 122.66 this should confirm the current uptrend. A break under 122.66 would most likely lead to a bearish downturn.

drciotti

wait for good confirmation with price action over 156-157 for breakout

drciotti

If we have a successful 3rd impulse wave up we can expect a target price range of 149-154 with 154 being the one to one fib extension of this structure.

drciotti

Bullish scenario for ETH to reach $170. First impulse wave complete with wave 2 consolidation forming, building momentum for a huge potential wave 3 breakout from the large descending wedge that has been forming for the last 10 months or so.

drciotti

Bullish scenario for ETH to reach $170. First impulse wave complete with wave 2 consolidation forming, building momentum for a huge potential wave 3 breakout from the large descending wedge that has been forming for the last 10 months or so.