Ethereum: Elliott Wave Impulse

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 ETH daily chart


As shown in the above chart, the trend is firmly positive as prices continue to protect its previous lows. Also the crypto is looking very strong to march north going ahead this year.

From waves perspective, prices are moving in a impulse fashion from Dec 2018 till date. Here, ETH has completed wave 1 to wave 4 and it is all set to start wave 5 higher. This wave 5 can move towards $6000-$6100 levels over medium term.

The summation is, ETH is positively poised and can move higher near till $6000-$6100 levels over medium term.

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