Trade closed manually: Longs (@0.018) partially closed in 0.0204 range. Eth stumbled off the 3.0 arc, downtrend is immensely strong and had it bottoming in the zone I have as far as S1 support. Weak bull might try and rail it north a bit and even though the room for that upmove is limited to 0.022. Could still drift on the downside along the lower wedge's bound till 0.016.
Based on what? Sounded very much out of this range, must be carrying the same weight as forecast from poloniex trollbox i.e no weight. I will perhaps be breaking down the waves to a lower degree as I see it. For now I see the contracting triangle positioned as wave X and falling wedge or expanding triangle at the bottom of a bigger wedge.
Targets above sit where they belong, right on the gann arc. They might or might not get hit very soon, depends on which gann angle holds up. Bearing on a general sentiment S1 support is strong here. Its wedge, and very yummy one in that it breaks to the upside. I like it and scoop up ethers albeit rather slowly.