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Ethereum (ETH): MACD Says a Potential Trend Reversing Breakout is Fast Approaching

haejin ETH analysis

Thus far, Ethereum (ETH) hit $362; a bit below the projected $387. The key is in determining if the last subwaves of the red C of the ABC correction are in or not. Thus far, the correction looks very vintage ABC flat.

Now, check out the MACD in this 4 hour chart. Look how close it is to the apex. I believe probability leans to a breakout just around the corner.

The microcount shows there could be one more incremental lower low for the blue wave 5 to complete but NOT required! IF so, $342 or so could be the target.

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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