SUMMARY
This Inverted Bullish Head & Shoulders pattern is quite uncanny. What's exciting is that the pattern is complete and confirmed! Price has breached the Neck LIne! I've used the minimum price run to show a potential for $59.87
Beautiful textbook impulse wave showing a near completion of what could be the first of many leg ups. IF the abc red waves mark the correction completion, then we could expect a minor abc retracement.
That retracement usually goes to prior wave 4 and it could look like this chart. Even into this minor correction, many will think the end is near and panic sell. However, having the awareness of longer term perspective will allow one to see the forest from the trees.
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ETC will go up very soon with the Forking that takes place at block 5,500,000
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ETC holders will get airdropped Callisto so everyone is stuffing their bags full of ETC:
https://cryptocurrencyfacts.com/2018/02/14/ethereum-classic-airdrop-callisto-explained/
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Price reacting/pull back due to sell orders at $42.50, also near all time highs.
For a closer look at the sellers on the 4 hr chart see circle in yellow.
Since Bitcoin has more upside, near my target 2 @ $12,000 and target 3 @ $17000, Ether Classic should continue moving higher as well.
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How To Easily Trade Ethereum/USD on the Daily Chart!
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Dude, really? What’s the point of advertising on my blog? Why not just promote it in the promote section?
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Based on this analysis, seems the "B" wave could coincide with (be the pump for) the Callisto $CLO airdrop to ETC holders. I would have thought that would have been likely Wave 5, but don't know either way!
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I love you Haejin. Upvoted always. Please see my ETH $2,853 prediction. See you there.
https://steemit.com/ethereum/@philakonecrypto/ethereum-eth-feb-20-long-term-technical-analysis-join-me-for-usd2-853
Please keep up with my daily BTC analysis. I'm a crypto analyst with a passion for Elliot Wave Theory. Please consider following me if you are looking for original content as my goal is to help improve the crypto community. I hope it'll add value to your crypto career through my enthusiasm and love for crypto.
https://twitter.com/PhilakoneCrypto
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Nice!
It can be a good opportunity to take some profits if your analysis is right.
It looks very bullish, and I agree that ETC can reach some point around 59 usd, I will try and hope works fine..
Thank you for sharing this posts :)
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👍
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Don't forget to upvote my post thanks
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??
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Don't forget to upvote my post bro
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So great~! Thanks to you :)
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ETC min can go to $60 and above anytime. keep your eyes on
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Hi Haejin. For entertainment purposes only. Do you think ETC will hit 37
or lower today before hitting your target price in the near future?
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Is not easy ....
Slow but sure ..
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lol i feel like i missed the boat... I should have bought sub 10
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Yeah it will def get oversold and rise in price these coming days. The fork is actually legit an I really believe it will stand a great chance in becoming something. Their whole purpose is for people to lock what ever amount of coins in cold storage in increments of a month, where as your earn a percentage for that. This I believe will accomplish what they are going for...eliminating the bulk of such volatility that plagues most coins from being widely used as a form of accepted payment. Here’s to the moon!
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I should have purchased when price was hovering around $18 during the correction. Good luck to all those with ETC in their portfolio
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Can you look at ACT Achain?
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good job bro
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Don't forget the hardfork begin march, callisto!
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So you do not expect a sharp drop in price after Callisto airdrop?
I think - if I got it correctly- that you beleive news/events do not play a major part in price formation. In the chart there is no such drop.
I think there could be though.
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Interesting. I really need to read more into the Elliot Wave model. I see a lot of traders utilize this method and am curious as to how successful it is?
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haejin has tutorials at the end of each post you read/watch to get you started and also buy the Elliot Wave Principals book and the other recommended book.
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You got a 5.69% upvote from @foxyd courtesy of @investingtips!
Delegate Steem Power to this Bot and get 90% of the earnings. More Informations here.
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Is this possible? Is my elliot wave in correct counting?
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Thanks for sharing such informative post.
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Yes my target is 55
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