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madwarrior

ETH currently in a correction before another impulse wave

Long
Ethereum (KRAKEN:ETHUSD)  
madwarrior Aggiornato   
KRAKEN:ETHUSD   Ethereum
Economic Cycles Triangle Elliott Wave correction correctivewave expandingtriangle doublethreecorrection Zigzag ETHUSD
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economiccycle triangle elliottwaves correction correctivewave expandingtriangle doublethreecorrection zigzag ethusd
ETH has completed a 5 impulse wave and is now currently developing in a possible "double threes" Elliott Wave corrective pattern, consisting of a flat (abc), a 3 wave (zigzag) reactionary, and a (apparently rare) expanding horizontal corrective wave. If we see a successfull completion of this correction by remaining above 900 levels, then we can expect another 5 impulse wave. One thing to note is that the higher degree trend is up, as I have already shown here:

snapshot
Commento:
Alternate setup:
snapshot

Idee correlate

madwarrior
ETHUSD almost done wave 3; wave 4 (correction) might soon follow
madwarrior
ETH Elliott Wave Analysis | Liftoff in progress?
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