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ETH/USD (Ethereum token) BREAKOUT WAVES $746=UP $677.50=DOWN!ETH/USD (Ethereum token) Semi log scale, 360 minute chart, 05/16/18, 6:07 PM EST, by Michael Mansfield Hi trader friends! ETH lower first? BOTTOM LINE: Ethereum is likely in the middle of its final leg lower to complete an ABC Elliott Wave double zigzag correction. However, there is the potential of a breakout up at the "area 1 black horizontal line" off recent high, since there are 5 waves off the recent low, but only on lower time-frames. However, the most likely scenarios is that a larger double zigzag correction lower to either of the previous two Wave 4 reversal areas, at $633 and $590, where the dual dashed green lines are, is most likely at this time. BUT, IF AN EARLY BREAKOUT UP: If Ethereum breaks above recent swing high at $746.06, that occurred yesterday, 05/15/18, on this data, then ETH would likely see a larger degree Wave C up, or the structure could be a dynamic Wave 3 of 5 up. But again, the probabilities are that ETH is in a larger Elliott Wave ABC double zigzag correction lower, one that will lead ETH/USD to $633-$590 areas first, then up. TRADER TIP: GO WITH THE MOST LIKELY PROBABILITY: After a 5 wave advance, the likely target zone for and ABC correction down, to what I call “The Best Buy Zone,” is the prior Wave 4 or the prior Wave 4 of lesser degree, shown herein by the two dashed green lines on this chart (labeled Wave IV and Wave 4). So if we see this market drop to between $633 and $590 on declining momentum and declining volume, that would then likely be a nice-lower risk-area to buy into. RISK OF A DEEPER DROP BEGINS AT $516: Breaking below the lower BLUE Andrews Pitchfork support line, currently moving upward yet at $516 where I have labeled the potential Wave C low, would likely lead to a move down to $420, the lowest pitchfork support line (black), or maybe far lower! But that looks less likely right now. CYCLES: Longer-term cycle (blue) is still heading lower, but this is on limited sample size of data. So, the blue cycle is less trusted at this time. However, if accurate, a more bearish outlook would be necessary. The medium-term cycle (green) is strong up (more data=more likely). The shorter-term cycle (red) is moving down in line with a correction lower for now. SUMMARY: This cycle combination best fits a bit deeper correction, for now, then up in the direction of the green cycle, for either a large degree Wave (C) bounce or Wave 3 of 5 up to nearly a new high. CONFIRMATION EITHER WAY: The next 3-5 days will likely provide the wave structure and breakdown lower, or breakout higher, which would then likely provide a roadmap for the next 3 months or price movements. DISCLOSURE:  This analysis is meant for educational purposes only. You trade at your own risk!  Cheers and good trading, Michael Mansfield CIO 
COINBASE:ETHUSD
by UnknownUnicorn1613901
DASHUSD Day Traders' Paradise HereDashUSD Last comment was waiting for a flag to develop and looking to buy at 655 which wasn't great considering it spiked to 614. There was no stop advised here as it's so spikey so if you kept your nerve here, hats off. It was hairy. That flag earlier on Dash, now lost in the noise, was a day trader's paradise. This thing moves so far so fast and in such a big range, 10% to 20% in every 24 hour period. Now back towards the top iof its range and likely to unwind between the top two parallels in near term. A good range for day traders to play within. Take profits if still long and pick up some more around 725
BITTREX:DASHUSD
by sumastardon