SUMMARY
Thus far, Ethereum (ETH) hit $362; a bit below the projected $387. The key is in determining if the last subwaves of the red C of the ABC correction are in or not. Thus far, the correction looks very vintage ABC flat.
Now, check out the MACD in this 4 hour chart. Look how close it is to the apex. I believe probability leans to a breakout just around the corner.
The microcount shows there could be one more incremental lower low for the blue wave 5 to complete but NOT required! IF so, $342 or so could be the target.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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No worries. Hang on. A little longer. This is the time to show maturity of understanding of the crypto market, by buying, holding.
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WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX ENVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW this person now. Do not UPVOTE or TRANSFER any FUNDS to his account. Any money you send to this criminal can be traced back to you.
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The crypto market has had some issues over the past couple of months and I feel that there will be a nice and gradual build up back to its' yearly projections. I've been surprised to see the weakness of Ethereum these days. Is it because of all the buzz about it as of recent online? -Respect
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ICOs selling ether. This will continue through 2018 and intensify. Plus it's worth remembering ETH has huge inflation rate of 10-15% and has unlimited max cap.
Regarding ICOs selling ether, as an example, EOS alone has few Billions (yes, Billion with B) worth of ether. They can crush ETH to sub 100 USD levels. EOS will be launched in 2 months.
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Readers,
Check out my most recent article:
https://steemit.com/steemit/@bullsvsbears/herd-mentality-and-why-its-beneficial-to-read-this
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Ethereum has really taken a beating. But is the same with the whole crypto market. Should be back up, soon. I agree.
the only bull standing as yet is eos. I am actually curious, What are your thoughts on why eos has managed a significant level of stability as all others fluctuate and hit record low?
Will be glad to to know your thoughts
Edit: and i am new. Just actively started steeming today, and yet to make my first post. But reading through blogs to become acquainted with the platform. I found you in the trending.
I am an enthusiast of cryptos, not well versed, but learning and becoming slowly proficient in it, i believe. I should be able to learn from you. You obviously reputation, and post popularity speaks volumes.
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EOS will be huge competitor to ETH as it has solved many scaling issues and added many new interesting concepts into blockchain. Considering CTO of that project is Dan Larimer everyone has high expectations.
EOS is stable because holders of EOS tokens will have lot of benefits from incoming airdrops. Dawn 3.0 rlease is around corner and main net is planned to be launched on 1.Jun. There is also a conference in April with special announcement.
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Cos eos is kimchi coin. It is estimated to have an enormous potential in korean community
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True. Eos has high potential.
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Coins mentioned in post:
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There is no recovery for ETH as long as ICOs (like EOS) are selling ether to cash out. They will be doing this for months.
Just a reminder that EOS alone has billions USD worth of ETH. They can crush ether to stone age.
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Let's wait and see
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WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX ENVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW this person now. Do not UPVOTE or TRANSFER any FUNDS to his account. Any money you send to this criminal can be traced back to you.
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Dear Haejin. I sometimes think that the cryptos will not impulse anymore. Your absolute believe it will, gives me hope, as I’m only a newby to this game and you have seen it all. I do hope, the hope you give, will not only be hope in a view months time.
Im holding on, I didn’t do it correctly, as I bought back too early, and now I’m bleeding, and afraid to buy more, though I do still have some cash to buy more.
Maybe all will ge forgotten, next year around this time.
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Your flags are weak @starjuno. Took haejin 5 minutes to get me to rep -2
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Do you know of the promotion channel? Check it out, and use. It is rude to advertise on another persons blog, mate.
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WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX ENVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW this person now. Do not UPVOTE or TRANSFER any FUNDS to his account. Any money you send to this criminal can be traced back to you.
WARNING - WARNING - WARNING - WARNING - WARNING
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