Ethereum (ETH): A Minor ABC Correction In Progress

in #ethereum4 years ago

SUMMARY

The breakout of Ethereum (ETH) from the downward wedge that had been developing since December was supported by the MACD breakout. The ABC (red) corrective waves seem, therefore, complete.

The closeup microwaves (blue) show the first impulse round is placed and the next price action is a minor retracement. The small wedge formation could also mark the A of the ABC (red) requisite correction. These are all subwaves to a higher degree of trend waves and so expect a bit of volatility.

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.

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Your ETH report looks very promising!
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Your disclaimer had me in stitches lol

its only short term

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Nice analysis Haejin.

Buyer are in the process of taking out the sellers at $525...next stop are the sellers at $700.

Here's a closer look.

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Coinbase or Gemini if you're in the US.

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