ETH very similar to BTC has completed a corrective pattern - expanded flat.
It broke the low and the broke the high of wave A making this an expanded flat.
Since it formed a corrective pattern instead of making a new impulse, should expect another wave down before any kind of reversal in Ethereum and rest of the crypto market altcoins.
It broke the low and the broke the high of wave A making this an expanded flat.
Since it formed a corrective pattern instead of making a new impulse, should expect another wave down before any kind of reversal in Ethereum and rest of the crypto market altcoins.
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Lower time frames show divergence indicating the current the trend maybe coming to an end and the start of the move down to around $136-150$ on ETH
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Made another high but overall picture is the same .
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Played out exactly as expected.
Small bounce from here, then continuation of the downtrend
Small bounce from here, then continuation of the downtrend
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Bounced higher than I was expecting but still bearish.
