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RE: ETH/USD possible Elliott Wave Count

in #cryptocurrency7 years ago

@srezz - I have nowhere near the technical analysis skills, but I've been watching these patterns develop intensely as well.

Looking at different time intervals, the only thing that is clear at the moment is that nothing is clear. However, I've been coming back to the 1 day charts for the last month in the hopes of seeing some significant crossovers develop. We've finally crossed on a couple indicators, and it seems the next few days may be telling. Aside from the implied trajectory of the MACD indicator the trend may still be unclear, but it's looking more hopeful.

Thanks as always for your more nuanced analysis. Much appreciated.

ETH 1Day Chart.JPG