ichorouswings

Ethereum's impending path to 1k

COINBASE:ETHUSD   이더리움
We had an impulse wave up from 2/13 to 2/15 (light blue inner impulses, dark blue outer impulses). That broke us out of the ceiling (lower pink bold line) from the peaks of 2/3, 2/10, and 2/12 (twice).

We took another day and a half to do an ABC correction (dark red ABC).

Finally we got going again last night with the next impulse wave (again, light blue inner impulses, dark blue outer impulses). Using fib retracements and extensions, we predict that wave 3 is in progress and will take us up to 1000, notably past the ceiling (upper pink bold line) connecting peaks of 1/13 and 1/28 (and a recent bounce today). We'll then bounce off that 1k mental wall, come down to 982 for wave 4, and got up slightly over the wall to 1016.

Digging deeper, inside the wave 3 of the current impulse (dark blue), we'd be inside wave ii. Again, using fib retracements and extensions, wave iii would take us to 992, wave iv back to 980, and wave v up to 1000.

Disclaimer: I do this for fun; my thoughts are not meant to be financial advice.
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