juliop90
Long

Resurrection is closer...

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hi all,
Three days ago I said that we have two "most likely" scenarios.
ETH failed the first time when it tried to break the flag (after breaking the wedge ), it did a correction and went up again as most of the times when the candled touches for the third time a channel.
Let's remember that BTC             is the big brother and BTC             haven't break the wedge:
If we compare the two plots, for the first time in a very long time ETH is behaving some how independently from BTC             which is good, nevertheless a big fall in BTC             will definitely drag ETH down.
Right now the price is climbing the third wave and luckily is following the lines. I did this prediction 2 days ago and I shared an image with some of my followers and I am happy I nailed it down. But what's next?
The upward blue line (that comes from June 2017) will be a huge resistance, and just above it we have the upper line of the descending channel that start after the boom in mid-January. Most likely we will see a couple of drops (not that small) before we break this two lines always that BTC             do not fall down.
This is definetely a good time to start thinking to go long, although I am not placing any purchase until I get real confirmation that BTC             is out of the wedge and ETH broke through these two lines.
God bless you all.

Comment:
Hi all, I want to follow up with this idea, and ETH it's definitely following my Fuscia EW trend. That's a point for me, right?
We are going to point 4 and there we will find a lot of support from the trendline and then we should bounce back to 5 and ETH will be alive again.
I am being bullish now, and buying but please be aware of the risk.
Good Luck.
Your 3 wave happened a little faster than expected, you think?
Reply
juliop90 Levitikon
@Levitikon, Yes, but the hight is almost the same. I will do an update later today but we need to keep an eye on this
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out