Ethereum (ETH): An Expanded Flat (3,3,5)
SUMMARY
Since the microwaves of Ethereum (ETH) show that five waves of yellow wave 3 are complete, it's time for the requisite correction. Note how the small decline and current rise have both been in a three wave format. That makes it 3 and 3; and so likely an Expanded Flat.
The ABC of a flat have a sequence of 3 waves for A, 3 waves for B and 5 waves for C. The below chart shows that the A and B waves are complete and C will likely decline in a five wave sequence.
This minor correction is smoothed out by the larger perspective of pattern. A very large rounded price formation shows that after this very minor correction; higher highs are ahead!
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Great analysis as usual. Too bad the haters waste all their energy on hating instead of learning and profiting.
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What happened to $700 price target?
"A very large rounded price formation shows that after this very minor correction; higher highs are ahead!"
Small correction, then 700+
I mean ... that's not really how targets work ... is it?
Markets do not go only in one direction.
Fair point, I see what you are saying.
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Hello, ask the question, do you plan to make any report in another language? I would like to find it in Spanish too
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Thank you bro Plz analysis ARN plz
Will do!
Can't wait!
How about BCH too?
Thanks for your work as always
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New code written to change the way the ethereum network reaches consensus is now ready for review, developers said Friday.
https://www.coindesk.com/the-code-for-ethereums-consensus-change-is-now-ready-for-review/
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Thanks for the great technical analysis @haejin. Really like your explanation in the post.
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Great article and very informative, thanks for sharing. I've smashed the upvote button for you!
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It will work for you atleast.
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Why do you expect such as shallow correction after 5 waves up?
After five up, there is usually .5 to .618 Fib zone Retracement.
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