$ETH - 15% drop now and a 50-70% bounce later

٣٠ ديسمبر ٢٠١٩

The current structure looks like a large leading diagonal of which we are in the final stages, the 5th wave has o play out. This aligns with the recent price jump which looked corrective in nature, I'm considering that as wave 4

This pattern is similar to ETC chart I posted recently (linked below)

This assumption shows that we are in the last stages of 6 month correction,after which we will have a relief rally of at least 50%, which according to my recent long term analysis will be a corrective rally

Overall, I believe ROI for longs is better in the next 1 -2 months, confirmation is when we breakout from the diagonal (now or after a quick drop)

Also ETH BTC ratio looks set for a strong bounce

١١ فبراير ٢٠٢٠

أغلقت الصفقة: تم الوصول للهدف

Target hit for 75% hike since the chart was posted, this is the 0.618Fib bounce of the entire move down, so expecting correction