SUMMARY
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I've shown the below chart of Ethereum (ETH) for about a week now. One can say with confidence that the Head & Shoulders is now complete and confirmed. The target of $481 is the minimum run. Rather than being scared, be aware. Let's take a longer term perspective, shall we?
In this chart, what looked to be a might bear monster pattern that just got confirmed, looks to be put in its place of proportion. Note the beautiful five waves up that brought ETH out of the downward wedge pattern. The H&S is formed and confirmed to allow for the requisite correction. The minimum run points to the 0.78 Fib zone (white circle). When is the best times to buy again? IMHO, at the terminal end of a correction. At that stage, fear is often the highest too. This is why having dry powder (cash) at hand allows one to wade through the sea of fear and start buying at the terminal ends of corrections. Cash provides tremendous empowerment because you have the power to buy while everyone's 100% invested with zero cash and biting their nails.
Here is the same longer term chart with the MACD. Once this minor and yes, healthy correction completes, the MACD breakout will support higher highs. Remember, discipline and patience!
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
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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Will you be posting about other coins e.g. electroneum and other "hot" coins coming into the market?
Post yang luar biasa bagus sekali
Yes thats a great news for everyone.By the wayThanks for your kind information. We hope you will continue it. And also congratulation to you , your post is now hot !! and also number 1 position.
Hope you will break the history!!
love to eth👌
Unfortunately itneyo and coin continues to fall. I do not know if there is hope in the future.
Please do an Icon (ICX) update? thanks
hopefully the second wave does not get broken
Wow, these are great news!!! Ethereum is now way up too!
what are you talking about? ETH is still dropping like crazy.
you are right. I am also with you.....,,,
are you a bot also? ETH price is still falling off a cliff, it is not "way up". What the hell is this nonsense
you are a scam artist
Haejin, stop spamming! Use your brain to create good content! How can you spam about cryptocurrency 100 times per day??? People like you destroy Steemit!
Message to people who upvote this bullshit:
You can vote for BETTER and MORE earning (if you upvote only for curration rewards) CONTENT! Please, don't support junk posts!
@polskiarrow I agree with you
Test
VP Drainer!
VP drainer!!
VP drainer!!
what the hell? lol constantly replying to yourself? forgetting to switch accounts? Bot acting up???
looks like he's letting them waste their votes
VP drainer!!
$495 is ideal but tracking a micro 5up tonight. Can be opened in 'new tab'.
we going down
Un buen análisis técnico.
Te añado a mis favoritos.