Ethereum -0.10% classic has been in a descending wedge pattern from 14.01.2018 and since it has been correcting like crazy. I think this is a WXYXZ correction, and that we are in for another low to the primary target at 13,5$ or even lower to about 10$.
Wedge intersect the uptrend support line which was already been broken once, so I conclude that the downward pressure from the wedge is stronger, and that pattern will be respected more. I am expecting the price to hit the wedges support line again which would be the end of the current ABC correction and a wave Z. I have measured the length of wave A and projected onto wave C, which also left me to the target at around 10$.
View idea on tradingview:
https://www.tradingview.com/chart/ETCUSD/xLzqP0GJ-Ethereum-ETCUSD-classic-bearish-scenario/
Do you think the crypto market going real bull to recovery the fall of Jan before the end of the year or maybe will pass and we will se something in 2019?
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I didn't understand your question. Can you please reformulate it?
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When do you think the crypto market will recover the huge loss happened form Jan 2018, for example xrp fall from 3.5 usd to minimum of 0.49, now is 0,67
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Nobody can answer that question and have some kind of validity behind it, it would always have to be a guess. So I am guessing by the end of September prices will be back at were they were in January.
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