SUMMARY
ETHEREUM (ETH) spen almost SIX MONTHS in a very large consolidation pattern called a symmetrical triangle as shown below. An FINALLY! The BREAKOUT has happened and this has led me to update the Elliott Waves and increase the target to $794 as shown by the waves.
The ETH/BTC pair is just about ready to breach out of its own Bullish Downward Pointing Symmetrical Triangle. Once it does, this baby won't be looking back!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**