Ethereum Pointing Lower Into Final Wave E
Ethereum declined exactly from our projected level of wave d and it's very probable that we are still in a big triangle, so we assume that Ethereum is facing final wave e down to 250 and 61,8% Fibo. retracement, where triangle may come to an end.
Kommentar:
Ethereum declined in three waves down into wave e and bounced as we expected!! We didn't see 250 level, so there still room for more weakness, but generally speaking triangle could be completed. Keep in mind that bullish confirmation is only above 355!
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Kommentar:
No big changes, still expecting a decline down to arround 255 and 61,8% Fibonacci retracement for wave Y of e, where triangle may come to an end.
Kommentar:
Ethereum nicely declined as we expected. Still room for 245-250 arround 61,8% Fibo. level, so be aware of a bounce arround projected support zone!
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Kommentar:
No big changes since last update, still sideways and probably triangle in wave X, so we expect one more "final" wave down to complete wave e of B triangle. But if triangle is already completed, keep in mind that bullish confirmation is only above 355!
Kommentar:
Ethereum finally dropped after a-b-c subwave into wave X, so we are expecting more weakness through wave Y to around 240-250, where triangle may come to an end.
