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
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/
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.
How To Easily Trade Ethereum/USD on the Daily Chart!
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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!
I love you Haejin. Upvoted always. Please see my ETH $2,853 prediction. See you there.
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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 :)
👍
Don't forget to upvote my post thanks
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Don't forget to upvote my post bro
So great~! Thanks to you :)
ETC min can go to $60 and above anytime. keep your eyes on
lol i feel like i missed the boat... I should have bought sub 10
Thanks for sharing such informative post.
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?
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.
Is not easy ....
Slow but sure ..
good job bro
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?
I should have purchased when price was hovering around $18 during the correction. Good luck to all those with ETC in their portfolio
Can you look at ACT Achain?
Yes my target is 55
Don't forget the hardfork begin march, callisto!
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.
You got a 5.69% upvote from @foxyd courtesy of @investingtips!
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Is this possible? Is my elliot wave in correct counting?
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!