After consolidating the continuation wedge during the last days the price is back to the top of the bullish channel and heading to the next biggest resistance at 350 in around 10 days. After reaching this resistance ETHUSD could suffer a reversal following efforts to consolidate a new price under 350, or breaking up further to the whole time-series top resistance...
ETHUSD is getting a stronger feeling into the bullish trend.
Theres a clear continuation wedge to follow into the bullish channel marked by a simple regression tren. It will continue growing for the next week.
Testing the waters after last weeks lateral movement. It would need to break through into the previous bullish channel from October in the next days.
Another possibility is to replicate the bull trap from October 11-16 and drop to a bearish channel under the 55.5 price.
Long Target: 75 by the end of November
Close to the end of the continuation edge around the 200 support. Price will fall at least 10% getting closer to the 170 support line. After that more fall will follow as probably we are in the middle of the bearish phase of the end of the current Elliott wave for the ETC historic price.
ETCUSD is now an atomic submarine named Titanic and we don't yet how depth...
Casual investors lose a lot of money because they are impatient and neurotic, they are used to feel the instant gratification of a semi-permanent bullish market, selling at lose when their position price drop 5%.
But this is not how the markets work. You can't do trend lines over the few days movement as a discrete system. It is true the market price behave in...
Current market situation is a little bit ridiculous. Latest ICO's buyers are dumping great volumes of ETH as soon as they can making a bearish trend in a hot market.
In my opinion we are in a good situation with prices under $300 to start buying positions thinking about the $400 price in few weeks. Market is huge and everyday publicity is attracting more buyers...
The symmetrical triangle prediction was voided by the market volatility continuing forming a descending channel after the uptrend. After breaking the channel it should cross the 300 resistance and grow 5%-10% in the next 24h
Buy target 280
Sell target 330
After exiting the previous bullish channel another symmetrical triangle is forming in a similar way that happened 2 days ago.
Growth expected to be at least of 10% reaching or even surpassing the 317 resistance. Breaking this resistance ETHUSD could reach 20% growth in next 48h
After last week flash crash ETH investors are restoring the confidence in Ethereum...
Hopefully you were able to catch this train, it was a very clear bullish movement after an almost symmetrical continuation wedge.
Prices are bouncing around the 295-305 level resistance.
If the buyers keep pushing further next resistance could be over 400 in the next few days.