Ethereum (ETH): Can Upper Blue Line Be Breached?
SUMMARY
Four days ago, I had posted the below chart with the upward wedge pattern to keep an eye out for. Usually, wedge patterns are ending formations. The two blue parallel lines show that perhaps, IF price gets repelled, the bottom line could be next target.
The current chart shows that price did get repelled by the upper blue trend line. The reaction seems three wavish and as to how deep the retrace will be is the next big question.
The risk of price retracing down to the bottom blue line is there; but for now, the abc duo destination possibilities are more proximal.
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i think all coins will go up this year again
Yes, I think so as well! Just gotta get through this rough patch man and then we should be at all-time-highs before we know it!
I will upvote you just because i really hope you are right! lol
Why are you looking at his analysis if you have that kind if exchangeable mindset?
What comes down must go up and vice versa :)
ETH subwaves also add up for an ABCDE flag:
If this is true there will be panic at bottom followed by a wild ride up again very fast IMO
CARDANO may not survive ????
I like ETH but Cardano is the new gen, give it time and it will go to moon by end of 2018
I'm hearing they got liquidity problems. Haven't had a chance to fact find yet.
There have been rumours around social media for the past few weeks that it may nit be such a good project after all.
care to elaborate?
I read in a comment/article, that Cardano's Ouroboros is sort of a weak copy of DPoS. With more pitfalls and weaknesses.
But then again, I cannot provide the source, as it was only one article and a few comments on steemit. But they made my gut itch, so I am staying away.
That all depends on bitcoin lol It's just trailing btc so your better off to just watch the bitcoin chart for now and see where it goes.
Thanks for the info I now have most of my crypto in ethereum but I don't track it as closely since I came on here. I need to brush up on Elliot waves...
Eos got the ability to beat eth as far as i am concerned!!
Good Analysis!
Who's excited about getting ETH for $350?
Nice
good afternoon introduce my name mwali me from indonesia i newcomer in steemit please help and get positive from friends all who are here thanks
Looks a lot like BTC a month ago before it hit its low.