ETH found support at the 61.8% retracement of the previous uptrend.
The previous uptrend can be counted as an impulse wave. This suggests that ETH may continue to motor higher above .046 possibly to .06.
Performing some simple math...IF BTC holds at 60k, then .06 ETH/BTC rate implies $3,600 ETHUSD.
With crypto solidly in an uptrend, this pattern suggests outperformance by ETH moving forward.
The previous uptrend can be counted as an impulse wave. This suggests that ETH may continue to motor higher above .046 possibly to .06.
Performing some simple math...IF BTC holds at 60k, then .06 ETH/BTC rate implies $3,600 ETHUSD.
With crypto solidly in an uptrend, this pattern suggests outperformance by ETH moving forward.
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www.seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress
