ETH above resistance and up

In my last analysis I mentioned the possibility that ETH could break the resistance and go up further - what has happened.
And with this move I had to adjust my analysis.

It is now to expect that the price arrives at the next resistance at 1.800$ (261.8%).

I also drew another EW-possibility (not third but already the fifth wave). Elliott wave-theory is very subjective!

Fundamentally ETH is stronger than the other coins, including especially Bitcoin . Its blockchain has more to offer than only a financial transaction. So, in the long run I expect at least a doubling of the prices (perhaps even a triple).

RSI: strong
MACD: strong
ADX: momentum is falling, +DI climbing and -DI falling = positive

conclusion: I expect rising prices with some consolidations sideways

評論: this was a heavy shock for all cryptotraders. It is now the question: have the news changed anything fundamentally?
I don´t think so. But it´ll take some time for normalization.
Meanwhile the ETH has broken the support (now resistance). If it won´t come back or even fall deeper then this could also signal that wave 5 has ended earlier! and we´re starting with corrective Wave A.
This could lead to prices around 1.000$ (psychological mark) - 1.050$ (resistance).
We´ll have a look on the development.
At the moment all indicators are negative - not surprisingly.
Very deep points. I actually think it might work. But gotta wait and see, with patience. The fact is, like you said, eth transactions are faster and more effective.
So your expecting a correction when it hits 1800 and then rise around$1000 mark
Luettis Lex0924
@Lex0924, the actual move (motive wave) could lead us to new highs - accompoanied with phases of consolidation; the aim can be the fib retracement at about 1.800$; after this big climb a correction wouldn´t be surprising. How deep it could be, depends on the momentum of the market and the fundamentals of Ethereum. Look at the long run: we´re far away from the long ascending line (pointed). So a correction til this line would only be harmful for those who have entered shortly, not those who are long. But as I´ve told above: Elliott wave theory is very subjective so I am prepared for other movements. I recommend to compare identicators, trend analysis and fundamentals. And I expect ETH to be much higher in the long run than today.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出