Ethereum Correction continiues...
I am looking at the weekly Poloniex chart in log scale as it goes all the way back to ETH trading for Cents.
You can see there was a full 5 wave cycle and we are now correcting down towards the .78 fib line, long term trend line and possibly even the low of wave iv before this correction is completed. I hope you took some profits as its been nasty.
There is still a possibility for a higher low on the BTCUSD chart that could bring a premature end to this correction. Failing that ETH at $150 is looking more and more likely.
You can see there was a full 5 wave cycle and we are now correcting down towards the .78 fib line, long term trend line and possibly even the low of wave iv before this correction is completed. I hope you took some profits as its been nasty.
There is still a possibility for a higher low on the BTCUSD chart that could bring a premature end to this correction. Failing that ETH at $150 is looking more and more likely.
ملاحظة
big picture...
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