Ethereum long term chart
Last time we said ‘I will use any pullbacks in to the 2895-3025 area to add to longs. Raise stops to 2325 level now expecting much higher in the coming months.’ Remain long and buy on dips. I am showing the daily log chart and its is clear that we are correcting before the final wave (v) of wave 5. Once wave 4 is complete we should see a sharp acceleration to the topside and new highs. It is not possible to predict the top but we will count the wave up and give you a head up when it looks close to completion. Lets look at the hourly to see if wave 4 is close to ending.
Ethereum short term chart
Here I am showing the hourly chart and the sell off since the December highs. Looking at the last leg lower I can clearly count 5 waves so I expect the ETH to find a base very soon.
The green circle was our target area at the end of last year and those levels remain the same . I am buying now at 3087 and will add again 2950 again at 2770 with stops below 2600. I like to buy both crypto pairs down here and start to build longs again on any further dips.
