SUMMARY
ETHEREUM (ETH) spen almost SIX MONTHS in a very large consolidation pattern called a symmetrical triangle as shown below. An FINALLY! The BREAKOUT has happened and this has led me to update the Elliott Waves and increase the target to $794 as shown by the waves.
The ETH/BTC pair is just about ready to breach out of its own Bullish Downward Pointing Symmetrical Triangle. Once it does, this baby won't be looking back!
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
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 - haejin1970
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
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.**
That would be my xmas present!
another interesting update! Can you do one on Monero? Its been gaining slowly but steadily for the last 6 weeks or so
Hmmm... any word on the small guys?
I mean like I started with 2 now I’m at 9 dollars I’m playing with change right now... any ideas?
have fun! the rest follows!
good news,i agree with you
Hi haejin! a question! do you think this will happen in a couple of days? and the speed of the gains in a long term or really quick short burst?
Middle of May if you look at the charts!
Looking for a nice extended 5th!
Go eth !!!
That only seems to have happened on bittrex. On other exchanges it just touched the upper line.
Nice analysis! Big fan of the wave pattern
Could you do an analysis on zcoin xzc ? Thanks
$400! 🚀
as always! thank you very much for your videos! just a question regarding this ETH. do you still agree with the target or do you think it has settled for now?