quantmaven

Ethereum: Unexpected Short-Term Uptrend

COINBASE:ETHUSD   イーサリアム/米ドル
My previous count where I saw a potential triangle seems to be invalidated. We now clearly have 5 impulsive waves, with the fifth being extended. For the bear scenario to hold, Ethereum is now finishing a regular flat 3-3-5, bounded between the support and resistances highlighted in orange.That's the only bearish alternative count there is left at this point. Anything above 2050 would mean a full blown bull market to me.
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