ETH/USDT - time to prepare for bearish 2022 ?
Sentiment on crypto shifted from very bearish to bullish (though not ULTRA bullish) in the past 2 months and I definitely seeing signs of incoming correction.
This eliott wave count on ETH is pretty straightforward and clear and I think, that this 70% drop in May this year was just FIRST wave in current downtrend and we should see another big drop (-70%) and ETH should go back below 1500$, to finish at least 3-wavish correction, that started on 12th May.
This move down could easily take whole year to finish, but it may be super fast, as we see in May, but "C" waves are usually not as sharp as "A" waves.
This eliott wave count on ETH is pretty straightforward and clear and I think, that this 70% drop in May this year was just FIRST wave in current downtrend and we should see another big drop (-70%) and ETH should go back below 1500$, to finish at least 3-wavish correction, that started on 12th May.
This move down could easily take whole year to finish, but it may be super fast, as we see in May, but "C" waves are usually not as sharp as "A" waves.