Ethereum #ETHUSD - still in wave B correction, patience needed
The price of ETHUSD is still trading inside of a corrective zone below the golden trend line. There is still wave B to the downside missing and wave C to the upside missing as well. The first projected target for wave B of a higher degree cycle is at the level of $1,000 - $1,100, but this wave progression might evolve into more complex and time-consuming cycle.
Please notice, the overall ABC corrective cycle of the higher degree hasn't been finished yet as there is still wave C to the downside missing. The target for the wave C is still hard to project, but it should take out the low of the wave A at $564 with ease.
Please notice, the overall ABC corrective cycle of the higher degree hasn't been finished yet as there is still wave C to the downside missing. The target for the wave C is still hard to project, but it should take out the low of the wave A at $564 with ease.
