Ethereum (ETH): Breakout from Basin Phase

SUMMARY

Ethereum (ETH) has surged out of the basin phase rectangle zone. The rounded price formation shows that likely, the right wall will be built.

The long term support has held and allowed price to use it as the base to breakout from the sizable downward bullish wedge pattern. The MACD which had coiled and ready to spring has also broken out from the contracting lines...this is bullish!

The blue waves outline a likely price pathway that'll be in an impulsive manner. It'll probably be more vertical since the Hurry Up & Wait mandate requires it.

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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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