ETHEREUM is displaying a prominent Ascending Right Triangle which is bullish! The minimum shorter term, intermediate price target is $441.
Recall how ascending right triangle target is estimated. A parallel line (blue) is drawn to the ascending line (white). The Apex is the point where the horizontal and ascending lines cross (white lines). Drawing a vertical line from the Apex until it touches the parallel line provides the minimum target for this bullish pattern.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
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.
Cool, get to sell some more when it hits that point ☺️
Hello Haejin, excellent info as always! Can we get a look at LTC, it just broke downward from the ascending right triangle. Thanks for your hard work! Beers to come when those sell rungs start to fill!
Still in place. Even if it dips below the line, should be ok.
Many thanks my friend!
Why is it that https://cryptowat.ch always show ether in the red in Bittrex while green in other exchanges?
Bots? Whale trying to rig? But it doesn't matter. Waves will still move.
What do you think about this very bearish outlook from MarcP?
https://www.tradingview.com/chart/ETHUSD/5KqL8Fm4-ETHUSD-Perspective-And-Levels-A-Double-Top-Appears-In-Zone/
On Sept. 15th, he was bearish and yet my blog was calling to ladder in after BTC hit $3,045. I had 7 buy rungs filled and profitable. I actually posted the buy fills of these buy rungs on my blog in real time.
On Sept. 21 and days before, he persistently drew out the overhead resistances and remained bearish. He kept hunting for lower highs as clue to remain bearish. He found what he was looking for and you always do when you only want to find what you want to see. In short: Myopia is deadly to the net liqudity value of your account.
Today, he remains bearish. He missed the sizable rise from Sept. 15 to now.
My analysis shows that after the current small correction, we can see post $5k and not too long from now, perhaps even All Time New Highs. That will be wave B top and wave C will then give a face ripping and crushing price decline. However, for me, even this scenario is subject to change as I change as needed.
My blogs have the record of me calling the top of Wave III just under $5,000 a few weeks ago and was pounding the table saying it was no longer time to buy but to take profit taking sell actions. However, bearish as I was, I changed to buy mode once the first possible Wave IV point of around $3,000 was hit.