SUMMARY
Ethereum (ETH) has breached the upper blue resistance trendline of the large downward symmetrical triangle. Both price and MACD are following Bitcoin's lead. There was a few days of basin phase where price went lateral and a rounded price formation occurred leading to the breakout.
Ideally, two rounds of impulse waves upward would provide a solid signal for a trend reversal. ETH price is working on the first round of the impulse and appears not yet to be complete. IF wave 3 is currently in progress, higher highs are expected. Is the ideal time to be taking profits or buying? This must be a self made decision based on your timeframe or entry points. I believe the whole Cryptosphere could rally into July and of course there will be minor corrections along the way.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
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Elliott Wave Counting Tutorial #1
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Essay: Is Technical Analysis a Quantum Event?
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