ETHUSD advance in wave (2) is taking the shape of Elliott Wave w-x-y double zigzag correction. According to the theory, once the correction is completed the price will resume in the direction of the major trend.
The breakdown of the parallel channel will signal the resumption of the downtrend.
What's your view on Ethereum? Let me know in the comment.
The breakdown of the parallel channel will signal the resumption of the downtrend.
What's your view on Ethereum? Let me know in the comment.