SUMMARY
Ethereum (ETH) is being held down by a blue trendline resistance that has not yet been breached. However, I believe it's only a matter of first completing the correction which is likely to be a Flat (3,3,5) correction as shown by the ABC waves. It would seem that red C wave would have an affinity for the 0.78 Fibonacci zone.
A detailed view shows that subwaes of red A as being three wave and the same for red B. Waves C and A would likely tend toward equality and that would likely mean the C would target the 0.78 Fibonacci level which is at $310 or so. Unlike LTC and BTC, ETH is not yet able to be counted as having wave 1 and 2 of a reversal because it has not yet completed the whole correction.
If a line is drawn across the current and projected price bottoms, a downward symmetrical triangle can be outlined. The confluence of pattern and waves are not accidents.
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.
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Correction hurts, but its good for long term. I started buying on dollar cost averaging.
A Whale's Dream...
If this was a chart for a small coin then the Pump and Dump groups would be blamed with everyone agreeing. Ethereum Daily chart looks exactly like a pump and dump to me just over a much longer period of time.
Also the fact they started futures basically at the top of the pump... you can't make this shit up man it's so brutally obvious now in my mind that the crypto market is done for.
He was liking me today. He even liked 4 articles it looks like he changed his behavior for the better. I still wish he would give more info. I've been a forex trader and we all know that TA isn't everything.
worthless reply but I like it so...I give you 1 cent.
Thanks for sharing! So the loading zone is ~400?
$300 ETH is a great deal...
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Don't trust Haejin, he is a fraud and a reward pool rapist.
$310?! AWESOME! hope you're right mate, i'm gonna hold out for that price til i buy then.. was waiting for around $450!
I don't see more correction as this one looks over!
Thank you sir!
Importance explanation
that is daunting; god!!
So, ETH will pull back up a bit then, continue down along with BTC...
wow nice your post..
Fluctuations happen most the time. So what's
suggesting in this situation?
This is drastic for all of us really.
Price broke daily demand at $600, but there is a strong zone, a weekly zone with buyers waiting at $425. Price is in the zone now. Let price action determine your next move.
Friend, your post is genial,, I give welcome to steemit, you have a good future in this platform, I follow you profile, your knowledge is bery big, yo are a great person
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The bear 🐻 is still hungry. He doesn't want to hibernate just yet.
I appreciate the useful information. You are doing pretty well. Thanks.
Thanks! where is maidsafe chart? could you please analyze it? thanks in advance!
Your post is great,The knowledge given is very useful for us fighters in steemit, who just joined, thanks to the knowledge provided ..
At the moment the markets are mixed. I hope the nearest correction will be in the future. It's a full purchase right now.
It seems like ETH is heading close to $200. I'm holding out picking up more until probably $250 range. If anyone needs to get rid of your ETH for around $770 right now, this post can potentially help. Utilize these locked ETH rate to your advantage.
https://steemit.com/cryptocurrency/@juminoz/holding-ethereum-at-usd770-here-s-how-to-turn-it-to-a-gain-when-it-s-usd530
As my analysis, I think ETH will bounce back at 475.
https://steemit.com/ethereum/@cryptocurrencyta/ethusd-technical-analysis-18-03-2018
you just can't stop, you are the man more from you boss..
directive
You think it's better to wait more or buy some ETH today?
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if BTC correction ends soon, wouldn't ETH also start moving up with BTC?