ETHER (ETH) Update: What would a BULLISH scenario look like?
Here is the updated chart for ETH with Wave 1 (large white number) placed and itself was composed of very nice subwaves i,ii,iii,iv and v (white). The recent correction is labeled as abc (red) and it certainly is a nice three wave, only corrective and not impulsive.
IF the current bounce leads to be an impulsive set of waves and form wave 1 (small white 1) and subsequently leads to 2,e,4, and 5, it would certainly be the best bullish Elliott Wave outlook.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Hi Haejin,
Is it possible for a corrective Wave like Wave 2 to be longer in duration than the first wave for example? Or are there some ratios like for the price?
Yes, wave 2, if complex; eg wxy or the triples, yes, they can take quiet a while. If a simple zig zag abc, it's relatively quick (like we recently saw) at often 1/2 or less of time for prior wave 1
Thank you!
An explosive pattern on ETH if this is the correct count.
One never can go wrong playing third waves.
There you go! Often, after an abc correction, it's either a 3rd Wave or in the case of crypto, a fifth wave explosive extension, hence longer than the third wave.