ETH/USD Is In A Wave (4) Triangle Formation Wave Analysis
ETH/USD COINBASE:ETHUSD
ETH/USD is remaining bullish on the weekly timeframe in the long-term from an Elliott wave perspective, we are in a 4th wave phase which in this case is a running Triangle pattern . The overall structure is an impulse move subdivided into 5 waves( wave 1 and 4 never overlaps ). For a while now we have been in a consolidation which is a Triangle pattern soon we could possibly see a break-out to the upside to complete the fifth wave in the impulse structure. In relation to BTCUSD , we could see a rally fairly despite the fact that we haven’t made a last touch on the (E) for the Triangle pattern .
