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akizzy
Dec 11, 2017 1:16 AM

ETH - Short Term Waves - Back To 500? Long

Ethereum / U.S. dollarBitstamp

Description

Depending if this current tread stops and goes up, which could be the 3rd wave. If we keep going down here, and drop below 400, then this is off the table. Price points I have labeled are estimates, and I always like to give about +/-10 point cushion on those. Good luck!

Trade active

Still active.

Trade active

Lets see how high this goes. this might only be Wave 1, if it goes down; right now its shorter than my marked wave 1.

Trade closed: target reached

New Chart up. Im closing this wave DOWN!
Comments
malice
I think we will see $515 then retrace to $440-$460 again. Patience has been key with ETH but it will break out - not at the level of LTC or BTC. Everyone is impatient because they compare movement to BTC and LTC.
BillMeyer
I'm growing more and more sceptical of Eth. All promise and no real breakout. It is the one coin that has hype galore, but seems in terms of price even with all the stars aligned and all the right signals and conditions to just not make a real breakout. Look at the history of predictions. All valid good analysed positions... and it starts of really well, hitting or nearly hitting the first targets for a minute... and then... poof. Back to just losing out.
blacksea00
Falling wedge is completed around 405, not necessarily we hit 405 but will be close
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