ETH (ETHEREUM): Analysis Shows Correction Bottom Could be Near

SUMMARY

The past is no guarantee of future performance, fractal impacts do linger. With Cryptonians are well aware of how deep retracements can be but also how quick the impulse can go vertical. The future price pathway projection shows primary to be the blue Elliott Waves with a target of 2,254 Satoshi.

The red ABC waves have been labeled and the subwaves fall well into place.

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This type of wedge has bearish implications and usually the gudiance is that price can fall below the starting point. Still, there is a scenario for a one more slightly lower low if price wanted closer proximity to the Apex.

Still, there is a scenario for a one more slightly lower low if price wanted closer proximity to the Apex.

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Legal Disclaimer: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.