ETHBTC overshot the target we outlined a few weeks back.
This recent uptrend looks like an extended 5th of a 5th. I do believe ETH will outperform over the long run, but this chart has me leaning towards BTC outperformance initially. The 618 retracement near .043 would be a reasonable retracement such that if ETHBTC made it that low, a good value play could be argued for ETH.
Good luck!
This recent uptrend looks like an extended 5th of a 5th. I do believe ETH will outperform over the long run, but this chart has me leaning towards BTC outperformance initially. The 618 retracement near .043 would be a reasonable retracement such that if ETHBTC made it that low, a good value play could be argued for ETH.
Good luck!
Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
www.seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress
www.seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress
