ETHEREUM (ETH): Can Both ETH/USD & ETH/BTC be Bullish?
SUMMARY
On February 20th, the below chart was posted in the update where if a correction was coming, it'll likely be an abc and the targets of $858 or $786 were given.
Since then, price decline to $784 before bouncing and has now resumed the correction. The upper blue trend line remains as resistance.
Current price moves have been labeled with subwaves and the ZigZag (5,3,5) motion is in place. Could it be almost complete? IF the last remaining wave 4 and 5 signal completion, then perhaps a reversal could be likely.
The overall longer term bullish outlook is shown as an impulse that should take ETH to an all time high around late Summer to early Fall time frame.
Here is the ETH/BTC which is clearly within a broadening pattern. When price is at the lower trend line, I've called this the Jaws of Wealth. IF the blue A,B,C and D are complete; then the final E wave can be expected. This move would be an abc and likely a zigzag move that could raise prices towards the 0.263 BTC price zone. Overall, both the ETH/USD and ETH/BTC pairs are bullish. While usually the /USD pair leads; these two are near same which reflects strong demand for ETH.
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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Great analysis Haejin, always happy to see your EW count. I feel the next bull trend is near.
Like it when you also chart vs BTC.
Yea, I totally agree on you with this one.
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Haejin's rewards come almost completely from a single user... Haejin doesn't care about you or the money you make, he just wants to earn as much money as he can and in the process he will ruin and kill the profits of others. So lets spread out these profits, #flaghaejin
Given the current status of the markets this was really an easy prediction 😂😜
Good. Post brother very nise my like your post is very do max ever very happy@@@
Binance being hacked was a very big blow to the price of BTC. No price prediction or TA is going to foresee that one... Sad day for crypto.
I don't think the Binance exchange itself was hacked - a few individual account APIs may have been compromised.
Coins mentioned in post:
Ethereum, why?!?!? =(
It looks as a great time to get in BTC. there is a chance for 10% to 15% profit if buy at around $9500 to $10k
Hi Haejin i wouldn't worry about explaining yourself you are doing what we all wish we could do we are living in a free world and you can do what you want that's your business and i pat you on your back for such a great effort and following and reward pool if it aint you it would be someone else these people that bring you down have no life and nothing better to do they are just jealous of your earnings .These people will never change there ways and will be always jealous of anyone doing good. Stay strong and dont waste your time reading any negative posts cheers Deni Guerrera
Price just broke $800, may go down to as low as $600.
Going to $650...
I wish it was not...
Every coin has its seasons.