Ethereum (ETH): An Expanded Flat (3,3,5)

in ethereum •  last year 

SUMMARY

Since the microwaves of Ethereum (ETH) show that five waves of yellow wave 3 are complete, it's time for the requisite correction. Note how the small decline and current rise have both been in a three wave format. That makes it 3 and 3; and so likely an Expanded Flat.

The ABC of a flat have a sequence of 3 waves for A, 3 waves for B and 5 waves for C. The below chart shows that the A and B waves are complete and C will likely decline in a five wave sequence.

This minor correction is smoothed out by the larger perspective of pattern. A very large rounded price formation shows that after this very minor correction; higher highs are ahead!

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
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Tutorial on the use of Fibonacci & Elliott Waves
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Great analysis as usual. Too bad the haters waste all their energy on hating instead of learning and profiting.

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ETH will be over $800 by end of May!

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What happened to $700 price target?

"A very large rounded price formation shows that after this very minor correction; higher highs are ahead!"

Small correction, then 700+

I mean ... that's not really how targets work ... is it?

Markets do not go only in one direction.

Fair point, I see what you are saying.

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  ·  last year Reveal Comment

Hello, ask the question, do you plan to make any report in another language? I would like to find it in Spanish too

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  ·  last year Reveal Comment

Thank you bro Plz analysis ARN plz

Will do!

Can't wait!

How about BCH too?

Thanks for your work as always

  ·  last year Reveal Comment

New code written to change the way the ethereum network reaches consensus is now ready for review, developers said Friday.
https://www.coindesk.com/the-code-for-ethereums-consensus-change-is-now-ready-for-review/

  ·  last year Reveal Comment

Why do you expect such as shallow correction after 5 waves up?

After five up, there is usually .5 to .618 Fib zone Retracement.

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  ·  last year Reveal Comment

Thanks for the great technical analysis @haejin. Really like your explanation in the post.

  ·  last year Reveal Comment

Great article and very informative, thanks for sharing. I've smashed the upvote button for you!

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  ·  last year Reveal Comment

Awesome as always, thanks!

  ·  last year Reveal Comment

after the 5th on the chart, the the "B" wave is higher than the 5th? (quite a bit higher on coinbase) is that not odd, wouldn't the highest point be the 5th? or does haejin need to update this?

  ·  last year Reveal Comment
  ·  last year Reveal Comment
  ·  last year Reveal Comment

@haejin how can I message you privately??

  ·  last year Reveal Comment

It will work for you atleast.

  ·  last year Reveal Comment