Ethereum (ETH) Shorter and Longer Degree of Trend Waves....Target $2,659; but NOT without Corrections!!
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SUMMARY
It is almost most ideal to have a stair step rise rather than the unsustainable vertical explosions. The below chart shows shorter and larger degree of trends for Ethereum (ETH) with a mid-point targets of $1,714; $2,218 and a high of $2,659. Now, I DON'T HAVE A CRYSTAL BALL! No one does! I'm purely using a probability mechanism supported by Elliott Waves, Chart Patterns and Fibonacci mathematics plus experience. However, I believe the Cryptosphere has embarked on a Altcoin Bull Cycle. I've been calling the Altcoin Popcorn Symphony! When a sizable bull sentiment is driving prices up, one needs to see it in terms of bigger and larger Waves. Below chart shows the Elliott Waves where I've subdivided the blue wave (iii) into an impulse of five.
Below is the ETH/BTC pair. WOW! The breakout has been impressive....like a bunch of mad bulls breaking out of a corral in the shape of a bullish downward pointing symmetrical triangle! Note how the triangle is impregnated with a smaller triangle...bullish! The Elliott Waves point to an all time new high potential at 0.1735 BTC....or HIGHER!
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Disclaimer: 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.**
ETH
Do you also have PIVX analysis?
You're a liar. You do have a crystal ball.
No, but I'll bet he has a Magic 8-Ball.
This may be the first time I see it as not being so bad to be a liar:)
No crystal ball but does have my upvote.
xD
ETH is a solid investment! It is probably the year of ETH.
A truly exciting time for the owners and investors. The owner had some moral issues with the way the crypto community is reacting toward the $$ involved.
Remember! There is more than money. This technology is revolutionary!
Keep up giving people power @haejin and people listen to this guy!
I believe we all know where ETH is going.
I think there are plenty of reasons why ETH will increase to those predicted figures and beyond. Theres Casper coming out, then Raiden, Plasma, Shading (all meant to help with scalability). Vitalik has also recently setup a fund to get people to develop of scalability solutions.
Also having Vitalik with such high IQ and passion is another great reason to believe that ETH will "succeed"..meaning it will ultimately create a world changing technology that will better our society. Goldman Sachs also recently named ETH as one of 8 trends thats about to change the world. When you have a big player like Goldman saying that then you should pay attention.
Totally agree, ETH will be revolutionary, just like internet. We are witnessing the beginning.
I totally agree! It'll be a exciting year.
thanks for sharing！
In pure monetary terms I guess this makes sense but with EOS looking like a much better long term project I am inclined to go with that. Thanks for the update Haejin.
I am of the belief that BTC has run it's course. Time for the ALTs to step up and take over.
The only reasons to be optimistic about ETH is that it has a talented team and few amazing projects running on Ethereum. Think how many world changing projects are on board with ETH. EOS will have to help them migrate. Currently EOS is like the Original Xbox or the New Xbox One X. A pure monster in terms of technicals but no must invest projects on it.
EOS needs to get people to migrate.
Indeed, can expect another x10 by launch ;)
I totally agree. EOS will leave ETH in the dust long before those scheduled improvements are in place.
EOS has a long way to go before it affects ETH, anyhow I would hold both just in case.
Ethereum ETH, can be good for a trade, but the platform has issues. I think EOS is setting up for a big move and is one to watch for 2018.
If and when it ever gets here. "A bird in the hand....yadda yadda yadda"
The EOS roadmap has its production release set for June 1. So far they've been hitting all of their target dates ahead of schedule. It will happen.
I live in a distant country, close to a river, life is hard, but the Internet is opening the doors of a new understanding, and thanks to @haejin, I am promoting my small investments, once again @haejin, thanks
With all of the alt coins prices being so unpredictable, ETH seems to be the best for long term. Yes?