SUMMARY
Here is the chart of Ethereum (ETH) with the original markings and labels from a prior post. The $588 has been hit and well exceeded. The rounded price formation also was tracked pretty well. As result, the breakout seems very decisive. So, what's next?
When adding the higher degree of trend Elliott Waves, the next target for ETH is $727. This would be the target for wave 5. The subwaves of wave 3 seem complete and wave 4 is now in progress. I don't believe wave 4 will retrace more than 0.38 of the prior rise of wave 3.
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
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
Bring on $727 ETH!
Totally agree...$700 is my next target.
You planning a trade there or just keeping track of progress?
Great question.
That would be my next target. Potential one can buy on a pull back, the best buy was when price was in the weekly demand down at $400 (the Big Boys buy low and sell high), the price should you it wanted to go higher. I explain what to look out for to confirm price wants to move higher in the below link.
https://steemit.com/bitcoin/@rollandthomas/crypto-analysis-report-4-11-18-ethereum-downside-momentum-over-example-of-how-i-get-into-aggressive-trades
I agree - I think it hits 725 soon
Nice analysis.
thank you
Seems relitively likely to hit this price. Well done on analysis.
Hello I really like your post, hope you keep posting other interesting things.
I wait it will hit $1,000 again i'm sure it's will happen soon
Glad GoDaddy Removed Haejin's Website
http://www.cryptocurrencytrends.info/
We can't have bitcoin scamming websites being promoted on Steemit. Especially one that contain malware like his does.
Vote @tsanii okay. Vote for vote @haejin @haejin
Glad GoDaddy Removed Haejin's Website
http://www.cryptocurrencytrends.info/
We can't have bitcoin scamming websites being promoted on Steemit. Especially one that contain malware like his does.
I think people have been started to consider buying cryptocurrencies seriously.
Mind your own business, man!
What about a pullback to $538 first?
depends on the market..... would be nice to retrace to 786 level.... He seems to think it will only retrace to 382.... which has already hit.....
next hope the best :)
Great...i waiting this moment come true...hope will grow up to $727
I think possibilty is that Ethereum will rise to 1k$
Follow us up and leave an upvote. https://steemit.com/crytocurrency/@cryptoanalyzed/predict-and-win-steem-and-sbd-may-1st-2018
Thank you.
Interesante tu Post. espero que logres tu objetivo. gracias por informarnos.
"I don't believe wave 4 will retrace more than 0.38 of the prior rise of wave 3.", i dunno where he is starting his fib, anyone know about where that .38 level is?
Follow us up and leave an upvote. https://steemit.com/crytocurrency/@cryptoanalyzed/predict-and-win-steem-and-sbd-may-1st-2018
Thank you.
Why didn’t I buy a whole lot more Ethereum when it was $15-20?
I think this summer will be huge for crypto. I’m no expert, but I’ll be surprised if we don’t see all time highs before too long.