Ethereum
Short

Elliott and DeMark say ETHUSD topping out?

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I am using both Elliott Waves and DeMark indicators to study ETHUSD.

On the 3D chart it looks to me like both are saying that major moves are completing.

My EW counter along the bottom has printed a 'Sell' indicator. Caveats apply, though. The setup was stretched-out (which is good), but the 8th and 9th bars were not higher than all the others (the 3rd bar is the highest), so it doesn't qualify as perfect.

In case it's not clear the first red bar across the bottom is actually bar 9 of the set-up - the preceding 8 bars which show up as blank are bars 1-8. As the countdown proceeds the thicker red bar gets longer until the count reaches 13 and the Sell signal (thickest bar) is printed.

The 5th wave of the EW pretty clearly has 5 sub-waves.

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