Ethereum (ETH): Breakout Potential Not Primary
SUMMARY
For Ethereum (ETH) to breakout, the upper blue resistance line needs to be brached. This means breached via an impulse motive and not a corrective three waves. Wave 1 doesn't look impulsive itself and more abc and so this is NOT the primary count. However, wave 3 is quite often the most important so perhaps price can breach the blue resistance line. The MACD histogram is certain ready to assist in any breakout.
The primary count still calls for one more incremental lower low as shown in the below chart. This would also bring price that much closer to the apex. Let's see how the price action plays out today and early next week.
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Another alternate count could be ABCDE triangular correction - as shown below- Which similar to that of BTC trend. Haejin Please advise
It's a very good point .
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Thanks for the information. I don't have to much invested with Ethereum, but I have been mining it for a little while. It's quite interesting to see such downward movement for something that has been around so long and is listed on something like Coinbase. I have a feeling Ethereum is going to surprise a lot of people in the coming time :). -Respect
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thanks for sharing this informative stuff... actually it helped a lot to all the steemians out there ..
Check out @TruthTrader. It tracks Haejin's performance. I give #Hgin a BIG FUCKING F For FUCKING FAILURE!!!!
Wololo!
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i think ETH will be number one one day
anyways good post and look forward to seeing more
ETH will be number one, it’s just a matter of time.