ETHW looks like its about to make its next run up. This will be wave 3 and the previous high around $14 will be a blip on the chart. I can see ETHW running to about $40 on this next run and possibly higher depending on how much attention it receives. I think the bottom was around $7.60 like I predicted in my previous chart which was major support. Invalidation of this idea would be a break of $7.50 and a close on at least a 4 hour. If that happens then I would expect a move down to next support around $5 with wicks down to about $4. At that point we will revisit and re-evaluate. I dont think this will happen though, I think ETHW has found its bottom on this wave 2 correction. This is not trading or financial advice this is just my opinion. Thank you and if you like my work, please support me by giving me a boost and follow me. Good luck out there everyone.
This was my previous charts showing the move that was just completed.
This was my previous charts showing the move that was just completed.
ノート
ETHW took a dip overnight and early this morning. Everyone is skittish about the stupid CPI data.
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