There's a few précisions to be made here.
First I am not an Elliott Wave Expert and I may have made a few mistakes but I tried to follow the rules, and the right use of Fibonnacci and statistics of expected behavior.
We would still be on a wave 1 impulsive of this big bull run starting in march.
I tried to answer where this 1 could end.
Concerning subwaves, we would be at the end of a subwave 4 and starting a 5 right now.
There's two scenarii, one with an extension in the 3 bringing Eth to around 10000 $ at the end of this big wave 1, as showed in green.
Another scenario, more cautious, would be to think the 3 will be shorter and that we would end around 6300 $ as showed in yellow.
Let me know if it is a credible unfolding for you guys,
And of course this is not an investment advice.
All the best,
Jim from France.
First I am not an Elliott Wave Expert and I may have made a few mistakes but I tried to follow the rules, and the right use of Fibonnacci and statistics of expected behavior.
We would still be on a wave 1 impulsive of this big bull run starting in march.
I tried to answer where this 1 could end.
Concerning subwaves, we would be at the end of a subwave 4 and starting a 5 right now.
There's two scenarii, one with an extension in the 3 bringing Eth to around 10000 $ at the end of this big wave 1, as showed in green.
Another scenario, more cautious, would be to think the 3 will be shorter and that we would end around 6300 $ as showed in yellow.
Let me know if it is a credible unfolding for you guys,
And of course this is not an investment advice.
All the best,
Jim from France.
And of course this is not an investment advice.
Be patient (this in an investment advice).