-30% Drop expected! 📉
In the end, everything will be alright. Otherwise, it's not the end!
In the Long run, after the current correction, we expect prices in Ethereum to rise significantly. In this rise, we might even break out to new all-time highs. Before that, however, we have to deal with another major drop in price. This drop might come earlier than expected. In our alternative scenario, we have to consider that the wave in red is already completed. In this case, prices would only rise to about $360 before another impulsive drop occurs. As soon as we reach the target area for the alternative wave alt.2, we consider a short trade as long as the indicators signal a downturn. The alternative scenario would also mean that prices will drop to $180 instead of $240.
Take care and happy trading!
In the Long run, after the current correction, we expect prices in Ethereum to rise significantly. In this rise, we might even break out to new all-time highs. Before that, however, we have to deal with another major drop in price. This drop might come earlier than expected. In our alternative scenario, we have to consider that the wave in red is already completed. In this case, prices would only rise to about $360 before another impulsive drop occurs. As soon as we reach the target area for the alternative wave alt.2, we consider a short trade as long as the indicators signal a downturn. The alternative scenario would also mean that prices will drop to $180 instead of $240.
Take care and happy trading!
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