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ETHUSD: beginning of the 5th Elliott wave

currency
insights
03 August 2017 , 16:05

Not so long we, we made a forecast about the growth of Bitcoin. This cryptocurrency continues to justify our expectations and strengthens its position. But what to do while Bitcoin is in a state of clam and does not show any strong movements in the market?

We propose to pay attention to the not-renowned cryptocurrency - Ethereum. Following Bitcoin, this cryptocurrency also showed incredible movements. In early 2017, it was valued at $10, and at the time of writing (03.08.2017) this figure reached $227 per token. And in June of 2017, it chain reached a maximum and amounted to over $414 for the Ethereum. At the moment, the price chart of this cryptocurrency is in correction and has the potential to move into uptrend. 

Proceeding from this, we can say that Ethereum will resum its positions and return to previous highs, so we should expect its consolidation at the level of $400 during 2017. We would like to note that in 10-15 years cryptoassets will also look attractive, as now "the charts of shares of Amazon, Apple, Tesla, Netflix, Google and Facebook look." Proceeding from this, we are continuing to consider our investment proposal for Ethereum.

In oreder to learn more about the analysis, as well as entry points to the position, you can see the full information in the presonal account of our platforms TSI Trading Pro.

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Уникальный курс обучения

Алготрейдингу

Ваш собственный торговый робот

за 30 дней

Получить первый урок

совершенно бесплатно

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