Case2: Etheruem pull back wave x and moving upward triple x nonIn this case previous low we assume that wave 2 of the supercycle is already finished
so we are in wave super 3x or wave c - and this motive wave in the timeframe month
might be a triple combination or triple zigzag.
Rule
Because the former wave is elongated zigzag that means wave x must retrace at
At least 61.8% of wave c (847.30)
It can retrace deeper but it must not retrace more than 61.8% of the previous cycle
elongated zigzag (726.07)
Conclusion
It might retrace in the (847.30-727.07) zone to form wave x and keep continue moving upward
Warning
Ethereum is a very fluctuated coin so make research on your own, you may look at my first case which is the downward situation.
I strongly believe that everything is possible to manage your capital carefully.
Vitalik Buterin's fan
Thanat Vichachai
Becareful
Don't Press The Panic Button But Double Check What U R Hodling.The stock had hit a a 52-week low of 111 on October 17, 2017 And a 52-week high of 232.50 on December 18, 2017.
And Hit A 9 year low of 91.20 on January 8, 2018.
Nothing unusual on chart pattern Before December 15, 2017.
Nothing unusual on liquidity of this stock. It was average liquidity.
Having a nice run-up. Like we still have many rallies in price as we have seen here.
Those who love to get their Stop loss or trailing sl Hit, Had A chance here, on December 18 & 19, 2017.
But After that, No explanation.
Then Things Changed. Reason unknown.
Company has posted a loss in last 5 Quarterly Results.
There any many companies who post loss but they Do have assets too which justify their price valuation. if Price go beyond that valuation it tends to correct sooner or later.
Now This Stock is available at its book Value. ( I am just telling what The data shows, you can Do your Own Research about this )
But Forget About This one, Because it often happens. And We had Many examples like this one in past. We all know.
We have often seen a nice run-up and stock getting double in a very short time. Nothing Wrong with that, Who Don't like this to happen. Investor need to ensure that why they are holding a particular stock so that they don't get trap easily. Because someday some how we all gonna stuck in something . This STOCK MARKET.
This is not 1st time for many investor, they had this experience past as well. But Euphoria is so high at that time that we dont see anything wrong and Don't even wonder why this Stock is up 100%. It looks completely ok. And if the same stock falls 10% we Wonder why this correction. We always Justify Correction and Never bother too much about why ? a Hugh rally.
There would be many price rise like this one we had there. I am not Sure & i am not arriving any conclusion about any rally via this Example.
BUT, This is just a reference for investor to double check what they are holding.
If company Fundamental is Fine nothing to worry, Correction will come and So the Rise will be there again.
But What if, Only a fall And then we have to say that I had bought this stock for my Grand Children.
By the way, This is a Nice rally on the Way down. Just as we like on they way up.
Be Careful & Stay Invested in Good Business and Companies.