An amazingly clean structure, and very pleasant to trade. In the medium term, I’m expecting a +470% move to the upside!
After accumulating for 357 days, price finally managed to break higher and is showing pretty strong buying pressure!
My plan: Buy limit orders: 0.2200$ 0.1760$ Targets: 0.4602$ 0.9910$
In the medium term, I’m expecting only upside, with at most minimal corrections to add to the position. From a global perspective, we could even reach a new ATH at 3.48$ without any problems!
Ethereum is pulling back after reaching $2,750 resistance and moving above the April high. The advance still looks more like a 3-wave move.
If the pullback develops into blue wave 4, ETH could find support around $2,450 or at the yellow trendline. Holding above the April high would leave room for another high in blue wave 5.