BITFINEX:ETHUSD broke into new highs out of triangle as we expected in previous updates and now sharply moving towards our projected levels around 550-600 for wave C. Every cycle needs five subwaves and we don't see them yet, so more upside in view!
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Ethereum is UP and remains bullish as we expected! Sill room for our projected levels at 550-600!
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Ethereum dropped, but we still think it's a part of a bigger correction of wave IV. In EW theory wave four can be very complex, so we assume that we could see more sideways price action here before rally towards new all-time highs into wave V, where we see a room for 550-600 levels.
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Ethereum perfectly higher as we projected. It's very strong and impulsive wave, so we assume it's wave 3 of C and expect higher levels towards 900 level!
Hey, just trying to find out as much info as I can.. it looks like its in a downward spiral right now, is this consolidation? is money leaving the market? 4+ hours later are you still feeling bullish on ETH?