Ethereum (ETH): Head & Shoulders Complete and Confirmed!!

SUMMARY

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I've shown the below chart of Ethereum (ETH) for about a week now. One can say with confidence that the Head & Shoulders is now complete and confirmed. The target of $481 is the minimum run. Rather than being scared, be aware. Let's take a longer term perspective, shall we?

In this chart, what looked to be a might bear monster pattern that just got confirmed, looks to be put in its place of proportion. Note the beautiful five waves up that brought ETH out of the downward wedge pattern. The H&S is formed and confirmed to allow for the requisite correction. The minimum run points to the 0.78 Fib zone (white circle). When is the best times to buy again? IMHO, at the terminal end of a correction. At that stage, fear is often the highest too. This is why having dry powder (cash) at hand allows one to wade through the sea of fear and start buying at the terminal ends of corrections. Cash provides tremendous empowerment because you have the power to buy while everyone's 100% invested with zero cash and biting their nails.

Here is the same longer term chart with the MACD. Once this minor and yes, healthy correction completes, the MACD breakout will support higher highs. Remember, discipline and patience!

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