Ether (ETHUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
Elliott Wave Analysis
In Elliott Wave terms, Ether began a wave one advance on July 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 1, and the red wave two (blue sub-waves a-b-c) correction ended on September 15. If this wave count is correct, Ether should be heading next towards the September 1 peak in the red wave three.
(Chart courtesy of Tradingview.com)
Looking at the monthly chart, I believe Ether is currently in the red wave five. The red wave five began on July 16.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Here is a short introduction to Ethereum: the World Computer.
(Source: https://www.ethereum.org/)
If you think this analysis is correct, upvote this post and upvote the comment "Ether will takeout the September 1 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Ether will drop below the September 15 low".
If you think Ether is in a range, upvote this post and upvote the comment "Ether will stay in a trading range between the September 15 low and the September 1 peak until December 19".
You can upvote the comment until 3 PM EST November 19 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
