Ethereum (ETH): Minor Correction in ABC
SUMMARY
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Ethereum (ETH) is tracking yesterday's outline of the ABC correction pretty well. Price broke out of the small downward wedge but the breakout will likely be used to complete the red B wave rise.
IF red B wave is complete, then a decline into red C wave is the likely next step. Given that price had risen in a five wave sequence (blue); there is a requisite minor correction that needs to be completed. There is also the potential outline of a Head & Shoulders pattern but again, volume on this also doesn't confirm. A bit of a bear flag can also be spotted in the price for the B rise.
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A pod of whales came in here and breached all over the minnows. WTF?
My nuts are feelin quite bullish as of late....
I can feel it.... all the way down in my PLUMS.
Great article and very informative, thanks for sharing. I've smashed the upvote button for you!
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Hey Haejin GFY
you also do the same.... thats hypocrisy :P
Coins mentioned in post:
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@haejin you make great toilet, just like your TA!
Can you update TRX please
I don't normally ask for coin updates; but BNB would be brilliant; kinda confused on it's movement
This is ugly.....