ETH short, wave C started based on Elliot Wave
As for Ethereum, it is naturally the first affected by the Bitcoin currency, although we have seen some changes in the corrective pattern in the fourth wave for both currencies & What we know is that the price patterns of Ethereum are the same as that of Bitcoin, but it is good for this difference to occur because we may not see Ethereum below the price of 1000$, on the other hand it is possible that truncation occur in the fifth wave, although this scenario is weak because it rarely happens..
It remains for us to wait and watch. If the lower support (yellow line) is broken, it means that we may see the end of the price between 9900 to $300, and here will be the end of the major corrective wave.
You can find in the drawing an explanation of how the fourth wave could not penetrate the first wave area, and near this price area, wave C has started.
hope you find this analysis theory is useful,
I always welcome criticism to get to the most accurate analysis.
regards,
It remains for us to wait and watch. If the lower support (yellow line) is broken, it means that we may see the end of the price between 9900 to $300, and here will be the end of the major corrective wave.
You can find in the drawing an explanation of how the fourth wave could not penetrate the first wave area, and near this price area, wave C has started.
hope you find this analysis theory is useful,
I always welcome criticism to get to the most accurate analysis.
regards,
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