Is ETH/USD Latest Move Up the Start of an ABC?

in #ethereum6 years ago

Ether made an impulsive move up to $462.49 (Coinbase ETH/USD) last night, but it's not the first time we've seen a move like that in the last couple months.

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Last night's move up could be the start of another ABC up, 12345 down. We've seen it several times already since we hit $828.97 on May 6, 2018. If it is the start of an ABC, then the C wave may take the price to $475-$480 before a 12345 takes it down to $400 or lower.

I’m no expert and this isn’t financial advice

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To the question in your title, my Magic 8-Ball says:

My sources say no

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