Etherum (ETH): Take a Look at These Fractals

in ethereum •  6 months ago


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Remember that not every triangle is required to have an abcde Elliott Wave sequence. Just because the pattern looks triangle shaped, doesn't mean it has to be EW compliant. This is why there are plenty of D wave breakouts. However, every now and then, patterns do become invalidated. The fractal boxes (yellow and magenta) can be observed for a repeat. In other words, the yellow box contained an upward pointing wedge in an uptrend that burst upwards prior to declining. We might have the inverse fractal of that in the magenta box which is an upward wedge that's occuring on a downtrend. IF price decisively breaches the magenta top trendline, the pattern could become invalidated.

However, the longer term still is pointing to a one more lower low potential. The 0.78 Fib level is dying to be tagged. Since price is sitting just under the belly of hte upper bull flag line, a decisive breakout would still be bullish; but negate the 0.78 Fib touch. The MACD is likely to curl downwards one more time which should pull the price down also. Overall, it really doesn't matter because once the breakouts in price and MACD occur, the wiggles and squigles have little meaning.

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@haejin, I really appreciate your posts and you are very knowledgable about TA but $795/year for the info is a bit pricey! I feel like it should be $250/year or $20/month. Any scholarships for broke Steemians?


I would have liked monthly payment. Am still thinking maybe ill join in a month or 2 only because haejin is teaching


It's cheaper than $300/h individual lessons. I still wouldn't pay it. There are plenty of better resources than haejin to supplement your due diligence. If anybody wants suggestions reply to this comment

bull run incoming!

Ethereum ... let's see what is cooking in the kitchen of luck for 2018
I believe Ether is going to make us rich.

very interesting friend, I invite you to follow me, I'm following you. Do not forget to stop by my blog.

hola buenas tardes buen post gracias por publicar

Grata noticia que refleja una tendencia alcista, excelente

The daily study that he does @haejin is really encouraging, this shows us that the currency will surprise us all and I trust that it is so, I know that comes a big surprise, thank you for being so soaked in the topic of the currency and keep us informed of everything. Thanks @haejin

Thanks for sharing the link.

What are the benefits of signing up for the bitcoinlive

Great analysis, and it feels we're getting closer and closer to the REAL breakout! Exciting

Nice to hear that Ethereum is going to go up. Let's pray for $20,000 by december.