ETH update 20.04.18

in eth •  7 years ago 

Because of the recent decisive breakout in ETH, I want to give you an update today.

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This would be the best case scenario. Wave 3 up to the standard 162% extension target, which is 2636$ in this case.

Of course this is only going to happen if BTC has formed a longterm low in 6500$ (this is to be determined in the next few months).

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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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I'm just wondering how the project would do against the ones like EOS, HPB, Credits, ADA and even NEO. Maybe ETH will hold up till a wave 5 before crashing.

Many other coins like steem sbd, ada, eos dgb, bts would likely outperform ETH by far (percentage wise) in a BTC > 40000 scenario.

Thanks for your input. Do you have any favorites to keep an eye on? Monaco finally took over TenX. I think SONM would take over Golem. I'm also hyped for WTC, Credits and HPB. I don't know how ENG and KMD would handle scaling. If they do manage to scale, they'd have a solid use case and not much competition (Privacy + Smart Contracts)

Ethereum broke out, took out sellers at $525, my next target is $700 and agree, will need help from Bitcoin.

meaningful

Ok.....
It's nice