SUMMARY
Ethereum (ETH) had been bound within the boundaries of a triangle as shown in below chart. The pattern is thus very clear and Elliott Waves labels this triangle as an a,b,c,d,e type. When the e wave ends at the bottom support line of the triangle, the pattern portends an upside direction. This is exactly the case with ETH. I've also labeled the Elliott Wave price pathway with circled blue numbers, 1,2,3,4,5. The next key step is for price to breach the upper resistance line of the triangle at around $359. As you can see, there was a brief pierce and I believe it's only a matter of little time before ETH is clearly into the $400 range with a target of $720!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - d2e60e9856c36f34
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Many buy alts with BTC, so it would be very interesting to analyse ETH/BTC, rather than ETH/USD. Any ideas about that?
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EOS is my new chick....ethereum is my side chick...lol
eventually i might have to kick eth to the curb ...!!lol
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ETH will remain my main squeeze for a while providing “orgasmic waves”
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Hi Haegin, can you do TRST
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wow very great post boss.I like it.
plz reply my comment.
and upvote my post boss
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How is zen doing? I think u like it...do you think it will reach soon 0.0075 btc? Or the 5th wave will stop before?
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You don't think we'll see some WXYZ waves?
Been a lot of bad news for eth in last few days.
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Excelente interpretación amigo ojala se cumpla..
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You're awesome thanks. Not sure how much btc I should hodl.. prolly 50% of my portfolio hard to ride down from real numbers finally.. I am the person who has had 15 btc stolen, 10 at gox and 5 at hashocean! build resilience just like bitcoin! some day i will have more than I lost again. What does your analysis tell you on this btc market dominance chart? https://coinmarketcap.com/charts/
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Man! your posts are like daily food to me. Many thanks for your hard work. You deserve my respect!
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