As in my last ETHUSD post, I believe we are still in a Pennant. In fact, the last day or so has bounced between the trend lines a few extra times making it a "tighter" Pennant. I'm waiting for reentry around $306-308 which suggests a possible uptrend. Expecting $335 target in 4-5 days for ~%10 profit with some resistance along the way at $316 ** Comments and...
As mentioned in previous posts, it looks like we're soon headed to $41 before seeing some pull back to $35. Afterwards, we head to $52. There's likely to be strong pull back upon nearing the ATH. Will reevaluate direction from there. This is based on the two superimposed major and minor elliott waves (blue and purple lines) that seem to be forming. I'm waiting...
Looks like we took Wave 4 and 5 of the first path from my last analysis (). Lets see if the ~$4150 support holds. If not theres two more options to consider at ~$4000 and ~$3800. $4600 towards end of the week ** Comments and critiques gladly welcomed. I would especially appreciate conflicting analysis ideas.
We seem to be in Wave 3 of an elliott wave starting in mid july (purple line). Within this Wave 3 we see a smaller elliott wave (pink line) in which one of two paths is likely. Both possibilities are likely to hit ~$4650 before seeing some resistance. There seems to be good support at around $4225 so if we see some downward trends in the next few days that is...
First time posting my ideas on here. Mainly just thinking out loud. Comments and critiques gladly welcomed. After recent completion of the handle in the Cup & Handle that formed last month, we will see some short term pullback for 3-5 days to the $32.5 - $34.25 range. This would be wave 4 of the elliott wave and the support range is reinforced by short term...
Looks like we have a "loose" Pennant forming. I'm waiting for a breakout of the $309 - $312 over the next day or so followed by a steady incline to ~$335 in the next 4 - 5 days. With Metropolis approaching in 2 weeks we'd expect to see some growth as we get closer. ** I have only recently started looking into technical analysis and have taken it upon myself...