ETHOS Analysis: Price is Approaching the Critical Proximity to the Apex

SUMMARY

The impulse wave up resulted in the now frequent extended, vertical wave 5. This is not the usual case in equities and yet a near everyday occurrence for Cryptos. In the correction, price spiked in wicks downward as far as the prior wave 2 and that is the usual case with an extended 5th occurrence. The symmetrical triangle pattern is also quite uncanny and very usual too for extending the correction laterally, almost as much as a complex type.

Subwaves show that the abcde labels are almost complete with wave e remaining. This wave e will also position the price to the critical proximity of the Apex. These are the conditions of an about to happen breakout. Still, wave e completion could go out to early April.

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