Ethereum into an impulse move to the downside.
Probable is an ABC corection and now we are into wave C and as it stay in the channel is not ended.
Price may already had hit the 4th wave target 0.236 fib retracement of the 3rd wave(lower side of the box) and will go for the 5th wave. Also price was rejected from a previous broken support that now is acting like a resistance.
Target for equality A VS C also is at 1182 level.
I remain bearish until I see more price action, such as a channel break!
I am updating frequenlty counts so if you like my analysis subscribe for future updates and hit the like button.
Thank you! and Good luck!
Probable is an ABC corection and now we are into wave C and as it stay in the channel is not ended.
Price may already had hit the 4th wave target 0.236 fib retracement of the 3rd wave(lower side of the box) and will go for the 5th wave. Also price was rejected from a previous broken support that now is acting like a resistance.
Target for equality A VS C also is at 1182 level.
I remain bearish until I see more price action, such as a channel break!
I am updating frequenlty counts so if you like my analysis subscribe for future updates and hit the like button.
Thank you! and Good luck!
