quantmaven

Ethereum: Parabolic count is on

Long
BINANCE:ETHUSD   Ethereum
In my previous post, I expected Ethereum to reach my target of 2,900 and it did today as expected. However I noticed the crypto market and the steepening of the yield curve is supporting a stronger ascend. I present you my new Elliott wave count, which will result in a parabolic rise of Ethereum. In this new count, we finished a primary wave 2 that took the shape of a 3-3-5 flat and now we are riding the extensions of an extended primary wave 3. I would expect Ethereum to decouple Bitcoin by year end and become the most valuable cryptocurrency in the world.
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