Ethereum ETHUSD ETH Elliot Wave Count - Further correction?

3 thg 2, 2018

So here is my EW count for ETHUSD. This appears to me as the corrective 4th wave. ABC correction could be coming to an end. If this is the 4th wave of this cycle then it could be a short correction like we are seeing because according to this count wave 2 was a long correction so wave 4 should be shorter. The weekend should be interesting. ETH did a double bottom at the $770 level, that is the strongest support we've had, if ETH breaks down towards that zone again it could finally break through the support which would have us looking at $720 to $550 zone.


Disclaimer - I'm a novice trader learning technical analysis, please don't take this as investment advice. If you have any critiques or anything to add please feel free to comment below. Thanks for viewing.