Small research about current ETH correction
Impulse wave at the end of October was only C wave of X. In this case we should consider big wave 2 as triple combination WXYXZ.
ETH made W, X, Y, X, and now we are at the end of wave Z. (a) was an impulse, (b) - triangle. Because of wave (iii) extension, wave (c) is pretty deep. in the nearest future eth will decline in wave (v), but im not sure that it will be big because of previous extension. Possible levels u can the on the chart.
Fibonacci retracement WXYXZ
Whole correction overview
Correction Fib channel
I'm still pretty sure we're gonna have a big upward movement.
Don't panic. This is what the market expects from you.
ETH made W, X, Y, X, and now we are at the end of wave Z. (a) was an impulse, (b) - triangle. Because of wave (iii) extension, wave (c) is pretty deep. in the nearest future eth will decline in wave (v), but im not sure that it will be big because of previous extension. Possible levels u can the on the chart.
Fibonacci retracement WXYXZ
Whole correction overview
Correction Fib channel
I'm still pretty sure we're gonna have a big upward movement.
Don't panic. This is what the market expects from you.
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