Analysis for Ethereum, still has potential to move up especially with more and more investors looking at this and feeling the FOMO.
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Current: Wave (v) beginning, inside of Wave 3. Once the wave 3 is complete we will most likely look to consolidate. Beware. We have room to move up to and around the levels of 330 - 385. I will look to take profits within this area and re-enter later.
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Two Scenarios that i see: Perfectly on the 61.8% for a move up after breaking out.
HOWEVER if it does not, then we will see a move similar to this. Something like this.
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Opportunity for great long position.
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5 wave up to complete Point D before the drop to complete Point E of Pattern.
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This smaller wedge looks like it's playing out longer. Could be a blast up from here.