Other thank Vitalik's tweets, there has been nothing to exciting about this coin. Unless your a hacker or a new code writer left with the task of securing wallets, DOH! But hacks and lock boxes aside, many coins are based on the ETH' platform and at this point has a working product and some market penetration along with being the second largest market cap (currently). First to market is a coin I want to be in. Yes there may be better coins, with better code writing, and with better interns handling the keys to the gold chest and definitely better publicity articles, but it is first to market and at this point their nearest contender NEO' is still trying to get out of the starters box. Kind of reminds me of Micorsoft'.
Regardless the chart looks great currently. On the right we have a very nice upward movement and now that we have broken both critical , I think we can say that we have entered the long term III' wave. In addition we are in a mid cycle 3rd wave with a target of $575-$650. So about 50% upside in the near term. On a short term chart on the right the correction was pretty ugly after wave 1. I mean ugly, but we do have a short term count that brings us up to wave i with a small correction. Now I want to be clear, I do not like this count. We could still be completing wave v/i, but for the sake of argument let's assume it's completed. We may have to update depending on how things pan out. But this does not distract from the probability that we have entered wave 3 and III . I feel pretty confident of that and the short term cycle is negligible unless your day trading. $413 still needs to be broken but with the momentum of this past run I feel this will be a short stopping point. A break of $413 I will add a trade for the $475 area. Not the perfect trade but it should be a rather low risk to reward trade.
All in all I'm liking the chart here.
May everyone have a blessed and safe Holiday!
Is it only me or ETH is actually going to copy its run from $300 to $400 and go to $600 in a week or so?
What do you think about this chart?
Thank you forward for your opinion!
Thanks in advance.