Ethereum’s Local Top In?

From fxempire.com

In our last update from three weeks ago we found by using the Elliott Wave Principle (EWP) that Ethereum’s “… rally from the October 12 low … should be wrapping up its last (blue) W-iv and W-v to ideally $2125-2150, but possibly as high as $2175-2330. See Figure 1 below. … Although extensions are always possible, at this stage, the upper end of that 2nd target zone seems a bit of a stretch, and our focus is thus on the happy intermediate: $2150+/-25.” Fast forward, and ETH topped out at $2136 a day after our update was posted. It declined to $1916 a week later and now trades in the $2050s. Thus, our ... (full story)