Continuing with my series of posts related to the possible projections of some major altcoin taking as a basis The "Classical Relations between Elliot Waves".
Now it's the ETHEREUM [ETH] turn.
During the last Bull Cycle, ETH achieved the magnificent price of 1611 USD by early January 2018, during the so-called ALTCOIN BULL SEASON.
Assuming that this price level, ATH, was the end of wave 1 and assuming that the second was completed last March 2020 we could use the CHEAT-SHEET, that you can find further below, to project the end of wave 3, the most explosive of all.
At this post you can find the way I followed in order to place the projections for MONERO [XMR], check it out if you have any doubts because they are the same applied on ETH.
Wave (III) target according to the typical 1.618 FIBO Extension:
The "Crystal Ball" projects 2690 USD, which is +223% more than today's price
Wave (III) target according to the typical 2.618 FIBO Extension (aka 3rd wave extended):
In this case, the projection is about 4290 USD (+417%)
The results are outstanding, however, ETH may not be the leader in gains among the major altcoins.
The following are the 3rd WAVE FIBO projections on ALTCOINS studied till now:
- Price Projections using FIBO Levels for 2021: the case of MONERO
- Price Projections using FIBO Levels for 2021: the case of LITECOIN
PROJECTIONS FOR STUDIED ALTCOINS:
From the 3 ALTCOINS analysed, LITECOIN is the most promising according to the Classical Relation Between waves.
I will keep adding more of them in the following days.
Enjoy!
