Ethereum (ETH / USD) $ 320 dollars - correction or one more bullish momentum?

I already arrive at prices of $ 320 dollars, could we see the $ 360 dollars?

Yesterday I made an analysis of ethereum I leave the link, and today I already met the objective, the rise was so parabolic that I do not rule out that after a correction, we could see a further upward momentum

Let's see

Yesterday chart

Elliot Wave Analysis

Analysis according to Elliot

Analyzing the graph, we can say that we are in a 5 elliot wave, which could be complete or not (there is a possibility that the price of an impulse to the upside more).

Possibility that the 5 waves are complete.

We can see in the graph that the 5 waves are complete, and that the price now corrects.

Also at the subwave level of Elliot it could be complete

See yesterday's analysis

Other possibility

Elliot Subwaves

Within this 5 subwaves we can define another analysis of 5 elliot subwaves as we see in the graph

As we see today, it has already reached the target set yesterday at $ 320 dollars

Analyzing the chart we can define a bullish sub momentum. We see the beginning of a bullish momentum, which if we analyze with sub waves of elliot we could identify the first 3 waves fulfilled and project the remaining waves of elliot

How the target is determined?

If we measure the height of the first secondary wave and its correction to the second wave, we can project a target with the Fibonacci extension for wave 3 and 5

We could consider wave 3 complete at a Fibonacci extension of 2,618 at $ 285.

This allows us to measure the target of a 5 fibanacci wave

If we apply Fibonacci extensions, we can define a possible wave 5 target, which would take the price up to $ 360 dollars

But before I should correct before completing the $ 360 dollars

The price could correct up to $ 280 to form wave 4 of the 5 rounds of elliot. Going back further cancels this alternate count and would validate the previous analysis

Bullish

1. Target: range from $ 235 to $ 245 approx. (compliment)

2. Target: range from $ 270 to $ 280 approx. (compliment)

3. Target: range from $ 310 to $ 320 approx. (compliment)

4. Target: range from $ 350 to $ 360 approx.

Bearish

1. Target: range from $ 280 to $ 285 approx.

2. Target: range from $ 250 to $ 245 approx.

3. Target: range from $ 215 to $ 220 approx.

After completing wave 5 of elliot, you need to make a price correction. It will depend until the price corrects the possibility of giving ethereum one more boost to the upside.

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