ETH Elliott Wave Analysis

٢٣ ديسمبر ٢٠١٨

Ethereum has formed five Elliott, and the price also hit a major support of the expanding ascending triangle. These confluent factors suggest a correction soon to at least the 0.382 fib level or the bottom of the triangle, maybe even deeper. However, the five impulse waves suggest that ETH's trend changed and it's the beginning of a bull run or it is forming some sort of dead-cat bounce in the shape of an ABC. Either we should expect high prices after a correction.