Ethereum (ETH): Flat or a Triangle; Destination Doesn't Change
SUMMARY
For corrections, there are so many combinations and possibilities and thus not worth trading; but rather step aside and target the terminal for laddered entries.
Ethereum (ETH) is stil correcting and the below chart shows the current progression of the labeled ABC decline. Since wave A has three subwaves; it's Flat (3,3,5). B clearly has three waves and the current decine is likely the five subwaves of C.
However, pattern allows additional awareness. If lines are drawn, the below chart shows the running potential of a symmetrical triangle in development. However, this is the alternate count given that its depth of decline is too shallow to churn the effects of the prior five wave impulse up (blue).
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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another day another wedge ...
Boss you have been so wonderful here boss...
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Great article and very informative, thanks for sharing. I've smashed the upvote button for you!
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@haijen bts please
@haejin please provide an update on MINT/BTC. is there any hope for this coin or is it one of em shit coins out there? it's an old coin too, but still struggling to gain any momentum. Your insight would be much appreciated.
Hi @haejin, can you please suggest me any tutorial for Fractals?
Nice 😍😍😍
I think that goes up/down with btc right? Whats your trade program? Binance or?
it's going to May! СRYPTO-SPRING NOT BEYOND THE MOUNTAINS!;)