Ethereum - Intraday Update - 12/03/20 (Short-term)
Bottom Line: Subdividing higher within wave iii of (iii)
Bottom Line: Subdividing higher within wave iii of (iii)
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Outlook: Expecting ETHEREUM to recapture its $637.95 high and beyond.
Analysis: The break above $637.95 signals the fourth wave triangle consolidation discussed yesterday is complete, and the move puts ETH back on track to challenge the next upside hurdle. The bulls are in control while $482 - wave ii - stays intact as support.
Outlook: Expecting ETHEREUM to recapture its $637.95 high and beyond.
Analysis: The break above $637.95 signals the fourth wave triangle consolidation discussed yesterday is complete, and the move puts ETH back on track to challenge the next upside hurdle. The bulls are in control while $482 - wave ii - stays intact as support.
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Breaking above $637.95 is the next upside objective for the bulls.
Bottom Line: A fifth wave rally is in its early stages.
Note: Prices can vary between exchanges, and consequently there may be differences in our chart prices due to different data sets.
Breaking above $637.95 is the next upside objective for the bulls.
Bottom Line: A fifth wave rally is in its early stages.
Note: Prices can vary between exchanges, and consequently there may be differences in our chart prices due to different data sets.
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