Crypto Contest November 18: Ethereum
Ether (ETHUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
Elliott Wave Analysis
In Elliott Wave terms, Ether began a wave one advance on July 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 1, and the red wave two (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, Ether should be heading next towards the September 1 peak in the red wave three.
(Chart courtesy of Tradingview.com)
Looking at the monthly chart, I believe Ether is currently in the red wave five. The red wave five began on July 16.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Here is a short introduction to Ethereum: the World Computer.
(Source: https://www.ethereum.org/)
If you think this analysis is correct, upvote this post and upvote the comment "Ether will takeout the September 1 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Ether will drop below the September 15 low".
If you think Ether is in a range, upvote this post and upvote the comment "Ether will stay in a trading range between the September 15 low and the September 1 peak until December 19".
You can upvote the comment until 3 PM EST November 19 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Ether will stay in a trading range between the September 15 low and the September 1 peak until December 19 (24 voters as of 3 PM EST November 19: helikopterben, lydon.sipe, yefet, twinner, flemingfarm, simonjay, skririm, lasper, starline, tzap90, komischername, coolthings, richard78624, incrediblesnow, allmonitors, ragnaros, napkin, sevinwilson, huasipi, margaritaradkova, qmarpot, utkarshvarma, freskil, koskl).
Ether will takeout the September 1 peak (29 voters as of 3 PM EST November 19: bleujay, landofcrypto, bentleycapital, libert, eirik, crokkon, lucasgabd, abh12345, jznsamuel, misalen, glennolua, cryptotem, stanhopeofficial, catena, reconnectnature, dirty.hera, themovieplace, mprgrmmr, toofasteddie, digitalking, mihail.tsvetkov, kanoe, me-do, cassidyandfranks, carlosdaniel, razorwave8, andy23, amfid4846, heidelbaer).
You won.
Maarino, where will be bitcoin at the end of December?
Below $8000.
I only understand a little about crypto but I hope learn here. Thanks for sharing.
You came to the right place.
Ether will drop below the September 15 low (4 voters as of 3 PM EST November 19: gregory-f, dlina-v-metrah, gunsmithing, yinyangboobookat).
@alchemage has voted on behalf of @minnowpond.
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