Ethereum Update: Minor Wave 2 – just as predicted last week

Posted on September 7, 2021 by alphahorn

Last week I did an Ethereum update and noted that minute wave [v] only had one minuette wave left to complete https://alphahorn.com/2021/09/02/quick-look-at-ethereum/. Well, that wave completed this weekend and and it appears minor wave 2 is also complete. You can see from the ETH chart above, ETH is channeling perfectly thus far for as intermediate wave (5) unfolds. ETH has a near perfect 1,3,5 upper trend line and now both minute wave [ii] and minor wave 2 have touched the lower 2/4 channel trend line. Also with a low of 3009, it came within 9 points of my 3000 target for 2.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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