Crypto Contest November 9: Ether
Ether (ETH/EUR) has broken the trend line drawn from the October 18 peak.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Ether is currently in the wave three in the daily chart. The wave one started on the August 2, and finished on the September 21. The wave two correction ended on the October 29. If this wave count is correct, Ether should be heading next towards the September 21 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, Ether is currently most likely in the wave three (sub-wave iii). The wave one started in the October 2015, and finished in the June 2016. The wave two correction ended on the August 2.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Ether.
If you think this analysis is correct, upvote this post and upvote the comment "Ether will takeout the October 18 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Ether will drop below the October 29 low".
You can upvote the comment until 3 PM EST November 10 and you can upvote only one comment. 100% of Steem (0.835 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Ether will takeout the October 18 peak (9 voters as of 3 PM EST November 10: elyaque, bleujay, jamesbrown, anotherjoe, ace108, joewantsfreedom, yefet, fortinbuff, adelja).
It's about time that Ether spikes, and so do all Cryptos.
Unless rise f BTC price will reduce the ETH price
You are right. Let's see if the ETH/EUR price holds better than the ETH/BTC.
Ether will drop below the October 29 low (8 voters as of 3 PM EST November 10: twinner, majes, idnit, feelinggood, jdbry, digit, mistere, mrfoot).
You won.
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