Because of the recent decisive breakout in ETH, I want to give you an update today.
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.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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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.
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Many other coins like steem sbd, ada, eos dgb, bts would likely outperform ETH by far (percentage wise) in a BTC > 40000 scenario.
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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)
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Ethereum broke out, took out sellers at $525, my next target is $700 and agree, will need help from Bitcoin.
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meaningful
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Ok.....
It's nice
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