January will definitely will be the moon month for ETP if there is no further exchanges delay along with many awaiting several news to come. 25 Dec, Bitcoin God Fork which will also drop to ETP holder.
This is one of the very optimistic view looking at previous uptrend channel before Flash Crash and the wide open channel. ETP is the Chinese Ethereum designed especially for business, holding this coin could be better than several others in 2018 to come.
I am drawing for fun, don't believe anything I say.
Good luck
Trade attivo
⋅
Zoom in .. Are we gonna go to (5).. Or we already finished. and we go down for another round.
Commento
⋅
Zoom in .. Time Frame and Adjusting sub Elliot Waves
Trade attivo
⋅
Breaking previous uptrend channel (due to BTC crash?) Re-adjust starting point for subwave 1 and 2 back to lower position. Move first target to 5.5 to continue broken uptrend channel.
Commento
⋅
Note that this may also go sideway and 5.5 will take much longer Pessimistic view is the first elliot wave already finished.. and the last retrace is under ABC correction
Commento
⋅
Confirmed tha the first wave is done, and ETP should have finished ABC correction to fibo 0.618 at 3.14 USD
Commento
⋅
The above Fibo level (0.618) is redrawn by lower the first starting point of Elliot Wave.. New Targets and 2 Upper Routes
Trade chiuso: stop raggiunto
⋅
Elliot wave end due to BTC correction.. This is what I see for ETP now.
@asdfghghj, I remember my first analysis for ETP in October.. I said this was the best coin for swing trade.... If you are lucky you won't get burned but profit doubled.
@asdfghghj, lol... whitepaper released on 06/2017... who do you think you are to write something like this... you basically miss the essential meaning of investing
asdfghghj
⋅
@dimisus, Everybody has its way for investment. I daytrade or swing trade up to three weeks and invest for 3 months. ETP does not qualify as an investment for me until it moves above 5 and persist there a few weeks.
I said somewhere in this entry that they are not bad, have ambiitous goals, but to qualify as an investment I need to see the confident steps seen in EOS, Santiment or Qtum breakouts.
@Foxace36, Yah! Due to today retrace to 4-, I have moved the end of wave 1 to 5.5, your 5.3 is more conservative
We will see!
ZackKaufman
⋅
@vorapoap, my new target is acrually 5.8. Did you get anything in that range?
vorapoap
⋅
@ZackKaufman, Hmm some may argue that the first elliot wave is already end and we are now in ABC correction of some sort.
But if it is subwave 5, it is difficult to predict. For my drawing to continue previous uptrend channel, it can be 5.5 for (24 Dec) or 6 (25 Dec)
See bi yellow dashed line.
But if the first elliot wave is already end, we may go sideway for a while and under ABC correction (Wave 2).. I am not sure about the Bitcoin God Fork to bring attention to the Metaverse.. it must be something else.... The coin is long due to pump... I am more in optimistic side, but fact may be otherwise.
Foxace36
⋅
@vorapoap, Can I ask why you have your wave 1 peak there? Mine looks like this: