Hi guys
My only concern with ETH at the moment is that the drop in price from the recent highs could count as a 5 wave down. If correct then that could have been the minor count of an A wave, meaning that the B wave is underway which could end soon. If this proves to be correct then the C wave will cause ETH to drop lower than the A wave before ETH actually gets going to the upside again at a later stage. This looks like a classic ZigZag BUT as always this is just my view:)
*I used ETHEUR, the same thing is present on the ETHUSD pair.
All the best
Richard
My only concern with ETH at the moment is that the drop in price from the recent highs could count as a 5 wave down. If correct then that could have been the minor count of an A wave, meaning that the B wave is underway which could end soon. If this proves to be correct then the C wave will cause ETH to drop lower than the A wave before ETH actually gets going to the upside again at a later stage. This looks like a classic ZigZag BUT as always this is just my view:)
*I used ETHEUR, the same thing is present on the ETHUSD pair.
All the best
Richard