Ethereum (Kraken: ETHUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, ETH began a wave one advance in December 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June this year, and the red wave two (blue sub-waves a-b-c) correction ended in September. If this wave count is correct, ETH should be heading next towards the June peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe ETH is currently in the red wave three. The red wave three began in December 2018.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Ethereum is an open source platform to write and distribute decentralized applications. Crypto Trader covered some of the latest talk around Ethereum earlier this month.
(Sources: https://www.ethereum.org/)How Will Ethereum Trade?
Ethereum (Kraken: ETHUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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