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Ethereum Price Likely to surge Amid Ethereum future' AnnouncemenHeath Tarbert, head of the United States Commodity Futures Trading Commission (CFTC) talked about the future of cryptocurrency and the government regulations on cryptocurrency as well in the recently held Yahoo Finance’s All Markets Summit in New York City on October 10.
The native derivative cryptocurrency of the Ethereum ecosphere, ETHER was seen as a commodity that is selected in the US to be regulated by CFTC, Ether is supported on a public, open-sourced blockchain-based platform that attributes smart contracts.
Source: TheCoinRepublic
End of B wave -Trade stands to Neutral I am looking this is almost end of B (b) wave with in small correction , and price can start its down ward move which can be refer as Wave (c) with in small Bull Flag
its Too early to call for Bullish flag brake out , I am not looking that possibility at this instance ,
The entire trend is in Complex Structure from its start a refereed Start of X wave
Commodity scrips move mostly in side ways as they are influenced by Commodity price driven in the Market they usually develop very slow
i have made small efforts in putting the internal sub wave by using white and blue color ,
if any one has doubt can write a comment
thanks
Possible End of impulse wave 2 & Start of New Impulse 3This one is preparing for end of the current wave 2 and turn for impulse wave 3 which possibly could move higher than ATH
Few things you can expect in current structure
01) It can further come down below the recent low and tag 30/28 and reverse which might be a one single day move (in my view)
02) or it can turn now only and start moving up which is possible but so far it has not given any indication of start of impulse
03) Scrip related to commodity like metal and Food grain have some specific character they need not make new ATH but can tag the ATH and reverse , they will move pretty much in side way formation due to commodity driven scrip
Which one of the above will happen i dont know , but i am not looking for any bottom fishing , i will wait for an start of impulse which might be more than 4 % move in a day and then enter on pull back or brake of the high
Lets see how it move