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Ethereum (ETH): Breakout in MACD; Price to Follow? by haejin

View this thread on: hive.blogpeakd.comecency.com
· @haejin ·
Ethereum (ETH): Breakout in MACD; Price to Follow?
<center>![](https://steemitimages.com/DQmf5i45SGJccjYLWdc8q8KNzXgL2mfG6f2z1jc7U9xpQnn/image.png)</center>
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**SUMMARY**

There is a breakout in the Ethereum (ETH) MACD!! The yellow circel in the below chart shows the piercing of the upper yellow line taking place. However, price has not breached the upper blue line. While there is a scenario for a potential lower low  as shown by the blue arrow line, the white impulse 1,2,3,4,5 shows a more likely pathway. This first round of five waves up is essential to start the trend reversal.

![](https://steemitimages.com/DQmVmNVqjV4C3N7XoisaiNZ5xkQxrBTRhfdKoA3PL9L4vNC/image.png)

Here is the daily MACD for ETH. It's MASSIVELY OVERSOLD! That means SELLERS are ALL leaning on the same side of the boat and that's NOT sustainable. Note also the higher lows the red histrogram has been making. This is a preamble to a MASSIVE blow up for the daily MACD. Would now be the best time to be taking selling or buying actions? IF you were short ETH, would now be the best time to be taking "Buy to Cover" or Sell Short more?
![](https://steemitimages.com/DQmcHRyFLhLStKs3gBcFfiPDrYAwEscnDVMqR7Frnt8RDMH/image.png)



**Legal Disclaimer**: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

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<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif



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@afaruque97 ·
nice post
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@thabiggdogg ·
# WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you. 
https://steemitimages.com/0x0/https://steemitimages.com/DQmWSt6bPrGycsA4dNjfLNEp4EQjpUxbMtfgLfuXgZpn5cM/Screen%20Shot%202018-04-02%20at%209.49.38%20PM.png
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
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@thabiggdogg ·
@SteemFlagRewards Comment Spam
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@ahuruglica ·
$1.33
I never expected ethereum drop this much, but since it dropped, its a good buying opportunity. In one year, with POS Ethereum will be worth way more than right now.
👍  
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@thabiggdogg ·
# WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you. 
https://steemitimages.com/0x0/https://steemitimages.com/DQmWSt6bPrGycsA4dNjfLNEp4EQjpUxbMtfgLfuXgZpn5cM/Screen%20Shot%202018-04-02%20at%209.49.38%20PM.png
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
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@bencrypto ·
Ethereum is ready for a move up if $btc sustains it's momentum up...
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@thabiggdogg ·
# WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you. 
https://steemitimages.com/0x0/https://steemitimages.com/DQmWSt6bPrGycsA4dNjfLNEp4EQjpUxbMtfgLfuXgZpn5cM/Screen%20Shot%202018-04-02%20at%209.49.38%20PM.png
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
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@cryptorasel ·
In this chart you have explained beautifully. Your analysis is very helpful for me.
👍  
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@thabiggdogg ·
# WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you. 
https://steemitimages.com/0x0/https://steemitimages.com/DQmWSt6bPrGycsA4dNjfLNEp4EQjpUxbMtfgLfuXgZpn5cM/Screen%20Shot%202018-04-02%20at%209.49.38%20PM.png
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
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@thabiggdogg ·
@SteemFlagRewards Comment Spam
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@faisal1650 ·
Thanks for sharing these information. We really get inspiration from you :)
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@thabiggdogg ·
# WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you. 
https://steemitimages.com/0x0/https://steemitimages.com/DQmWSt6bPrGycsA4dNjfLNEp4EQjpUxbMtfgLfuXgZpn5cM/Screen%20Shot%202018-04-02%20at%209.49.38%20PM.png
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
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@thabiggdogg ·
@SteemFlagRewards Comment Spam
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@iammahsud ·
***your Every post is so Interesting***
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@thabiggdogg ·
# WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you. 
https://steemitimages.com/0x0/https://steemitimages.com/DQmWSt6bPrGycsA4dNjfLNEp4EQjpUxbMtfgLfuXgZpn5cM/Screen%20Shot%202018-04-02%20at%209.49.38%20PM.png
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
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@thabiggdogg ·
@SteemFlagRewards Comment Spam
properties (22)
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@icomment ·
$3.70
As copied from @haejin's other posts
>**NOTE: An Exciting Announcement coming out in a few weeks from @haejin! Stay tuned so as to NOT miss it!

Just in case you missed it. The crypto guru is cooking up something...

Whatever it is, i can't wait to know, and be a part of it! And you too certainly can't afford to miss.💃

<center>https://steemitimages.com/DQmb2YiwTQFVLzEk4Qed26YkeZU8M6g58eZDAqR7dXx19is/image.png</center>
👍  , , ,
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vote details (4)
@danpaulson ·
$0.05
Definitely looking forward to it!
👍  
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vote details (1)
@icomment ·
## We are growing
https://steemitimages.com/DQmTDAzESGhzfZkBZL9QhKNaGUfTPyGyrWYZPU1D6izZiDB/image.png

## Lets just keep our fingers crossed.  How are you @danpauslon? I hope Easter went well.
👍  
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vote details (1)
@thabiggdogg ·
# WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you. 
https://steemitimages.com/0x0/https://steemitimages.com/DQmWSt6bPrGycsA4dNjfLNEp4EQjpUxbMtfgLfuXgZpn5cM/Screen%20Shot%202018-04-02%20at%209.49.38%20PM.png
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
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@leftbank ·
$0.80
this looks quite encouraging! thanks for sharing :)
👍  ,
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vote details (2)
@love4ever4nature ·
agreed 🤑
properties (22)
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@thabiggdogg ·
# WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you. 
https://steemitimages.com/0x0/https://steemitimages.com/DQmWSt6bPrGycsA4dNjfLNEp4EQjpUxbMtfgLfuXgZpn5cM/Screen%20Shot%202018-04-02%20at%209.49.38%20PM.png
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
👍  
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vote details (1)
@lutfifadlika ·
post really give good information, thanks
properties (22)
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@thabiggdogg ·
# WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you. 
https://steemitimages.com/0x0/https://steemitimages.com/DQmWSt6bPrGycsA4dNjfLNEp4EQjpUxbMtfgLfuXgZpn5cM/Screen%20Shot%202018-04-02%20at%209.49.38%20PM.png
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
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@thabiggdogg ·
@SteemFlagRewards Comment Spam
properties (22)
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@rhdrud333 ·
Thank you for good information
properties (22)
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@saifulfrank ·
your posts are really helpful for us boss 😍😍
properties (22)
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@thabiggdogg ·
# WARNING - WARNING - WARNING - WARNING - WARNING
This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW @Haejin & @StarJuno now. Do not UPVOTE or TRANSFER any FUNDS to these accounts. Any money you send to this criminal organisation can be traced back to you. 
https://steemitimages.com/0x0/https://steemitimages.com/DQmWSt6bPrGycsA4dNjfLNEp4EQjpUxbMtfgLfuXgZpn5cM/Screen%20Shot%202018-04-02%20at%209.49.38%20PM.png
https://steemit.com/haejin/@kabir88/decided-to-ask-haejin-for-som-advice
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@thabiggdogg ·
@SteemFlagRewards Comment Spam
properties (22)
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@thabiggdogg ·
Hey @NED when are you gonna do something about this @Haejin asshole on #Steemit? Is this how you wanted Steemit to become? At least @Dan has some balls to flag this cock sucker. I bet other corporations look at this site & laugh. They probably think it's just going to become another MySpace.

How about some of you Witnesses? Why don't you fucking do something? I spend most of my day warning people about what this fucker does on here. While you guys collect big paychecks from running a god damn server. Some of you have helped. That is AWESOME. I do appreciate anyone that helped me too. But majority of you don't do fucking shit. I get paid NOTHING for working on trying to make STEEMIT better for EVERYONE all day long. You guys GET PAID GOOD MONEY!!! Fix the fucking PROBLEMS!!!


@jesta
@roelandp
@gtg
@good-karma
@timcliff
@curie
@ausbitbank
@blocktrades
@thecryptodrive
@someguy123
@aggroed
@smooth
@lukestokes
@anyx
@clayop
@pharesim
@xeldal
@pfunk
@furion
@netuoso
@riverhead
@wackou
@followbtcnews
@liondani
@jerrybanfield
@busy
@bhuz
@cervantes
@utopian-io
@wdrakos
@teamsteem
@klye
@abit
@yabapmatt
@blockbrothers
@aizensou
@reggaemuffin
@ihashfury
@charlieshrem
@joseph
@prc
@steempty
@fyrst
@witness.svk
@steemed
@ocd
@rival
@patrice
@therealwolf
@delegate.lafona
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permlinkre-haejin-ethereum-eth-breakout-in-macd-price-to-follow-20180403t184244855z
categoryethereum
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@thabiggdogg ·
NOTE: Re-posting as original was made invsible by the Trolls and Haters! I give my utmost in all my analysis to provide the best possible tool so requestors can best augment their due diligence. I find it unacceptable to allow Trolls and Haters to make my posts invisible with impunity.

<center>![DQmQK4McrgQrRtfJ1EqYHY2SKK4h43qbTeQrQY1uNdf5HrY_1680x8400.png](https://steemitimages.com/DQmVg3qHfbeS9uE6vfP9ihJD5xQ2B7U3aNWoSonFiDhJQs2/DQmQK4McrgQrRtfJ1EqYHY2SKK4h43qbTeQrQY1uNdf5HrY_1680x8400.png)</center>

SUMMARY

The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. 
<center>![1.png](https://steemitimages.com/DQmf11HssFwtXqLqQhLPB5zDS77mLRLCGWBSw4SqSY9GmHY/1.png)</center>

This chart shows lines, numbers, & letters. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog.
<center>![2.png](https://steemitimages.com/DQmTHsx8R1syuw7czwNjzjXUGi8vr8av7FHecjGBNTKZgUK/2.png)</center>

The chart below has even more lines, numbers, & letters. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog.
<center>![3.png](https://steemitimages.com/DQmXzPbMddd1CQ6xjWw4yN4aZDySQsuPTe3xCqTvw4pAvdB/3.png)</center>

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.

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
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
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<center>![DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif](https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif)<br>
![U5dt8BFauhjGURqh8Rn38guHXV9gmrZ.gif](https://steemitimages.com/DQmT1mdH4WiFZj1ipvLRqEPJ118ExJuiR91v5QW493up5Fg/U5dt8BFauhjGURqh8Rn38guHXV9gmrZ.gif)</center>
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@tomcrothall ·
It looks like this may be due to a fundamental reason. Whilst the supply cap on Ethereum was an April Fool's joke, Vitalik said it may be an idea. Plus more alliances and partnerships in the making!
properties (22)
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