See the comments on the chart. I'm thinking ~$110.50 for potential upside until we make a lower low than what was seen in December. Low price target is purely a guess, but I'd expect to see it fall to the range of $50-$75 (not a very concise range, I know, but I'm really not sure how far it will fall - I just think lower). Afterwards, if the RSI plays along we should be positioned for a significant upwards move which will be dependent on the low that we reach.
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To clarify something - I feel more comfortable about the short than the long, the divergence may not play out as it's looking right now and the potentialupside is much smaller than the potential downside.
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At this point I think the likelihood of the long is probably gone and we're heading right into the short.
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Sorry, maybe spoke too soon with that last comment and got too eager.
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Not expecting the bounce to 110 still, just not quite short time. We might see $104.20 or so.
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I think it may potentially be time to short ETH, if this count is correct - extended Wave-1, just completed the Wave-5 and have begun Wave-A
