SUMMARY
Here is Ethereum's (ETH) short term chart with updated Elliott Waves. It seems as blue A and B are now complete and C has started. The subwaves of C show that waves 1 and 2 (white) are complete and if that's the case, then wave 3 down is next. Since wave 3's personality is that it moves most violently, it could be a bit scary and unnerving for the unaware. The key is complete the blue wave C.
On the bigger picture, the bull flag just looks more and more developed as the days pass. The red ABC could potentially evolve into an ABCDE; but given that the red C is at the 0.618 Fib zone, it's less likely. However, if the D and E waves are required, price could then retrace to the 0.78 Fib zone.
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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
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Hi @haejin, Iittle off topic... I propose to make a peace in current Flag Wars for a week. I believe that not using flags is good for everyone, my arguments are here: https://steemit.com/steemit/@petermail/flag-wars-the-path-to-victory
You nailed it! Flag came! Nice analysis, I will learn something ;)
It seems it's gonna be a pennant instead of a flag... why not?
Your article is extremely informative . Do you have idea on BAT . kindly suggest if that can be bought or not ...
BAT is a very good coin because of their product "Brave" and is live on the desktop and on the mobile as well. But for investing purpose it is really bad because the whole BAT market is controlled by the owners (majority share of tokens are owned by the owners) and retail investors like us will loose money.
ARY + FeDex?? Somebody know??
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What about the head and shoulders pattern you were talking about a couple of days ago? Is that still not valid?
Where is the “ethgift” reply !??