ETHUSD 8H 25% pullback likely(NEW)

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ETHUSD 8H 25% pullback likely(NEW)
IMPORTANT: this is a speculative setup, performance
is not guaranteed, so please use a tight stop loss.
and always do your own due dill. thank you.

Ok guys let's take a look at 4hour chart of Ethereum.
My take is that 5 wave sequence is almost complete
now, if we project wave5=wave1, then price will likely
max out soon near 200 USD max, and then expecting A/B/C
correction. Likely a 25% mark down, target is 140 USD.

Now yes, I do realize that if ETH pulls back,
everything else will also pullback, so for now
just stay tuned for new updates, I will review
charts later if I see any SOWs(signs of weakness)
across the board.

For now, pullback is highly likely in ETH, because
price got too overextended, so naturally pullback
required before price can push higher.
Also makes sense, that big players will want to
reload at lower prices for the BTC halving event.

Please stay tuned for more updates today, as I
may be updating/revising outlook for BTC and other
coins later today.

good luck traders!

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