Ethereum (ETH): Five Wave Impulse

SUMMARY

The first round of the five Elliott Wave impulse rise could already be or is likely to be complete soon. The below chart shows the impulse (white) 1,2,3,4,5 and their subwaves. White wave 3's subwaves (blue) show completion and now wave 5's subwaves (purple) is alread if not nearly so.

The yellow lines outline an upward pointing wedge which is often a sign of a temporary exhaustion of buyers. IF this marks teh top of wave 5; then the requisite correction is the most likely next cycle. The red ABC could be deeper than shown; but once comlete, the white arrow shows the onset of the seconf round of impulse potential with higher highs.

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
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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