Stoic-Trader

ETH - Still not bottomed

Corto
COINBASE:ETHUSD   Ethereum
My primary count considers that we still need Black Wave 5 to occur before we finish the correction.

The pullbacks in the downtrend (see blue circles) have been VERY shallow, so we may just see sideways movement before the next drop.

Also, we haven´t yet reached 100% A-B extension, at 872.79. It is typical that zig-zags reach at least 100% extensions.

I´m not taking any long term trades yet, and will focus on scalps in smaller timeframes.

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