Ethereum
ABC done. 5 wave upwards should be next (3 of the 5)
3 is usually the longest wave.
Strong pick up of volume and long wicks indicate that liquidity of seller at this level is dry and there is not many short sellers at this level.
Waiting for a break above 215 for confirmation.
Note this is counter trend trade, thus bears have the advantage on this.
ABC done. 5 wave upwards should be next (3 of the 5)
3 is usually the longest wave.
Strong pick up of volume and long wicks indicate that liquidity of seller at this level is dry and there is not many short sellers at this level.
Waiting for a break above 215 for confirmation.
Note this is counter trend trade, thus bears have the advantage on this.
Looking good so far confirmation would be break 215.