Ether (ETH/BTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Ether began a wave one advance on December 28, 2016. The wave one finished on January 12 this year, and the wave two correction ended on February 2. The wave three advance finished on March 24, and the wave four correction ended on April 6. If this wave count is correct, Ether should be heading next towards the March 24 peak in the wave five.
(Chart courtesy of Tradingview.com)
You can find my longer term analysis on Ether from here:
@maarnio/crypto-contest-january-26-ethereum
If you think this analysis is correct, upvote this post and upvote the comment "Ether will takeout the March 24 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Ether will drop below the April 6 low".
If you think Ether is in a range, upvote this post and upvote the comment "Ether will stay in a trading range between the April 6 low and the March 24 peak until May 23".
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