ETHEREUM (ETH) Analysis Shows a Lower Low in this Pattern & these Elliott Waves
SUMMARY
Ethereum (ETH) is trending and patterning for a lower low into this correction. The ABC correction outlines the broader strokes of the terminal end of this retracement. The current red C wave is positioned at the 0.78 Fibonacci zone.
The lone term lower, blue support line thus far stands unbreached. Filling in the subwaves shows that the whole ABC can be categorized as a Flat correction. The final five waves of the C wave show an incomplete series of five (white). The projected target for white wave 5 of red C is at around $421 which pretty much resides on the support line which must hold against any decisive breaches.
Closeup shows the final white wave 5 of red C is in probress as shown by the blue subwaves. The confluence of the Apex of yellow wedge triangle, long term support line and the blue wave 5 target has the 0.781 Fibonacci as the target.
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Why Ehter is going so down?
I know with bitcoin there si so much going on but Ehter has so much use and other services which are being built on ether then why it is going down like crazy?
Anyone has idea or any forecast when bitcoin will hit the $15k again?
It is soon time to buy back in to ethereum :)
I posted this chart almost two months ago:
It's just the way market moves! :)
Make sure you downvote all of @Haejin's scammy post!!!
Hgin You should stop your SCAMS NOW!!!
https://steemit.com/stewardsofgondor/@iknowwhoyouare/i-haven-t-gone-away-and-continue-my-efforts
YOU CAN EARN MORE MONEY ON STEEMIT BY DOWNVOTING @HAEJIN
VISIT @FLAGAWHALE FOR MORE DETAILS
Why do you buy so many upvotes @haejin ?? ...you never make the money back!!!
@haejin what has happend with you bullish scenario? I wasn't to lazy to scroll down and find your earlier post on Ethereum, here is one made 21 days ago: https://steemit.com/ethereum/@haejin/ethereum-eth-bullish-outlook
If you don't understand charts, stop posting! You can learn something from me, here's my post on Ethereum made at the beggining of February (almost two months ago):
https://steemit.com/cryptocurrency/@andriustovis/ethereum-3-or-5-waves-correction
Every TA of haejin is just a possibility, he often say 'IF this count is correct ...' , but it should be obvious. TA is a game of probability, not of certainty. If you do not like his TA, do not read it, if you think you can do better, do it.
Best attitude should be to do your own TA (with MANY counts for awareness) and check experimented analysts TA to see if you missed something. That's what I do. (and I will never think neither say that I'm better than another because my primary count is more correct, sometimes it will, sometimes not, in many cases you just can't have a primary count and you are lucky if the one you choose is the good one).
When will ethereum reach 421$?
My arrow is just an indication! Check my blog for latest Ethereum update. Tomorrow will update it
Good analysis. But I believe you are misinterpreting Haejin's charts. Regular followers know that Haejin does not play swing trades. True, the correction was stronger than expected, but none the less, the marks will be hit, and anyone who listens and reads regularly knows how to take the analysis. Perhaps you don't understand the fractal relationship between cycles, but the difference of going up at that moment, and going up now is meaningless unless your trying to trade in and out of every correction.....which he has made very clear....he is not. Good analysis on your part....why not try building a fan base and earning some money rather than trying to get exposure in someones else's successful blog? You do know Haejin started out making exactly what you are making for several months....it is possible.
Also....if you're really a professional TA, you know that TA is a living organism and that no TA is correct all the time.
If you are truly willing to look back, here is a great post to start with: https://steemit.com/haejin/@crypto-bot/kabooms-haejin-legendary-calls-stats-here
I'm not misinterpretating! He is just making bunch of mistakes in most analysis. As a regural follower of haejin, don't pay attention to my comment and try to earn money from his analysis:)
Have been for months, that's why I promote him and not you.
Make sure you downvote all of @Haejin's scammy post!!!
Hgin You should stop your SCAMS NOW!!!
https://steemit.com/stewardsofgondor/@iknowwhoyouare/i-haven-t-gone-away-and-continue-my-efforts
YOU CAN EARN MORE MONEY ON STEEMIT BY DOWNVOTING @HAEJIN
VISIT @FLAGAWHALE FOR MORE DETAILS
When you stack a win list like the one in the link I posted, give me a shout and you'll get my vote.
Check all my posts and you will see! If its to much, take 10 random. I dont need a list:)
Make sure you downvote all of @Haejin's scammy post!!!
Hgin You should stop your SCAMS NOW!!!
https://steemit.com/stewardsofgondor/@iknowwhoyouare/i-haven-t-gone-away-and-continue-my-efforts
YOU CAN EARN MORE MONEY ON STEEMIT BY DOWNVOTING @HAEJIN
VISIT @FLAGAWHALE FOR MORE DETAILS
WARNING! The comment below by @travelerjoe leads to a known phishing site that could steal your account.
Do not open links from users you do not trust. Do not provide your private keys to any third party websites.
Cryptocurrency market very boring nowadays.
Thanks for sharing cryptocurrency update providing news.
I appreciate your post.
its very good news to us .pls advice what should to do
Another one we agree on Haejin! Midterm and long term indicators usually override the short term indicator on my analysis (unless it moves strong enough to flip the mid and longer term indicators). Today's price action will most likely be enough to flip the short term indicator (depending on where it closes) for ETH and it will be 7 Day Down, 30 Day Down and 365 Day Down... Good call Haejin.
Coins mentioned in post:
If you love airdrops check my blog here at steemit. And i try to forward only legit airdrops but sometimes i make mistakes which i admit when i see i was also duped. But never ever give anyone anything(like coins, keys to wallet etc.!!) when you should get sth. free(like airdrops)!!!
What do you think on ETH vs NEO.
Love to hear you thoughts
Thanks for the post!
Neither of them
Eos!
Hmm .. To consider as well.. THX!
Sounds good....
He is raping rewards and you are supporting him.