ETHEREUM UPDATE -- a corrective move down lower is likely CLOSE TO ENDING, setting up a buying opportunity

May 23, 2018

ETHEREUM has been following the expectations and here is the latest chart.

I had laid out these charts in my previous blogs such as:

May 17th:
https://steemit.com/ethereum/@phisight/ethereum-update-a-corrective-move-down-lower-is-likely-coming-setting-up-a-buying-opportunity

May 16th: https://steemit.com/ethereum/@phisight/ethereum-a-corrective-move-down-lower-is-likely-coming-setting-up-a-buying-opportunity

May 15th: https://steemit.com/ethereum/@phisight/ethereum-following-the-expectations

May 14: https://steemit.com/ethereum/@phisight/update-on-bounce-in-eth-usd-ethusd-in-progress-watch-the-resistance-zone-as-it-could-turn-down-for-one-more-low
Steemit_ETHUSD_May14.png

May 13: https://steemit.com/cryptocurrency/@phisight/bounce-in-eth-usd-ethusd-in-progress-watch-the-resistance-zone-as-it-could-turn-down-for-one-more-low

May 12: https://steemit.com/cryptocurrency/@phisight/a-bounce-in-eth-usd-coming-is-the-correction-over-is-the-question

Well, my primary expectation has been that Ethereum would turn down one more time to target the 550 level or even the 497 level (lower probability) and it is still following that expectation.

Its close to 550 and now we need to see a small corrective move up followed by (perhaps) one more move down to tag the 550 level or the 487 level.

THIS WOULD BE A BUYING OPPORTUNITY!!!!

Hope this analysis was/is/will be helpful!

Note: you can right-click and open charts in new tab to see them at full size -- they are quite large and clear.