SUMMARY
It is almost most ideal to have a stair step rise rather than the unsustainable vertical explosions. The below chart shows shorter and larger degree of trends for Ethereum (ETH) with a mid-point targets of $1,714; $2,218 and a high of $2,659. Now, I DON'T HAVE A CRYSTAL BALL! No one does! I'm purely using a probability mechanism supported by Elliott Waves, Chart Patterns and Fibonacci mathematics plus experience. However, I believe the Cryptosphere has embarked on a Altcoin Bull Cycle. I've been calling the Altcoin Popcorn Symphony! When a sizable bull sentiment is driving prices up, one needs to see it in terms of bigger and larger Waves. Below chart shows the Elliott Waves where I've subdivided the blue wave (iii) into an impulse of five.
Below is the ETH/BTC pair. WOW! The breakout has been impressive....like a bunch of mad bulls breaking out of a corral in the shape of a bullish downward pointing symmetrical triangle! Note how the triangle is impregnated with a smaller triangle...bullish! The Elliott Waves point to an all time new high potential at 0.1735 BTC....or HIGHER!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**