Greenhow

Greenhow

Elliot wave triangle forming for (4). Looks good to me, might need a couple of adjustments but general on the up. SL below support line.

Greenhow

The 'arcs' show hurst cycles that could indicate the most recent 80 day nominal cycle as peaked, which means waves 1-5 of (1) have completed and a natural ABC(2) correction has started. We're potentially going down into the rectangle highlighted in purple which would equate to a retracement of 0.618 of Fibonacci retracement.

Greenhow

I predicted the touch of the upper support line a few days ago. Now, with this confirmation we're looking at an ending diagonal with 4 playing our currently.

Greenhow

Gorgeous correlation here using Fibonnaci. It looks as though we've just completed wave 3 of 5 for C. Sideways for a couple of days, a little more up and then DOWN.

Greenhow

It's as simple as that people. Support has been breached, one simple touch on the support line and then down for lower lows. Could be today, could be tomorrow.

Greenhow

Is it not this simple? Looking at the volume and a typical ABC pattern it looks as though we're in for a bit more down before we see wave 3 of the overall trend that will take us back up to all time highs over the next year or so.

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It would seem that volume is the key indicator here again. There is nothing in recent times to show that Eth will create a new high in the coming weeks. One possible scenario is what I've outlined; that we are still in a elongated correct for with a long and dreary A,B,C yet to complete. Love to hear your feedback, let me know what you think.

Greenhow

There can be no bull run without volume, it's just not there. Upward pattern will almost certainly end up in a downward trend to circa 18ks within a day or so.

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Volume is looking ok therefore this is either 1 of 1, or 5 of 3-5-5. 4 ladders suggested. Either way, come out circa 26k as it could go lower down to 5k within a few weeks - which will almost certainly be the bottom.

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Using Elliot waves it's easy to get an indicative view of where this coin could be going over the next couple of years. There's little to go on being such a new coin, but it's interesting how it could play out. This is just me sharing an idea, please don't take any instruction from it. Plus, the longer into the future the forecast, the more unlikely it is.

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I've been sitting here patiently waiting for this to come through on the 15m. Down we go!

Greenhow

Allow fabonnacci and elliot waves to guide you. I'm putting a few quid on long here, awaiting a 3 wave bounce and then down to around 6k which would make a hell of a buy.