Ether...caveat emptor!

KRAKEN:ETHEUR   Ethereum / Euro
131 0 1
Note that this is an alternate count:
If, and only IF, Ether was to fall below the critical 8.96 mark - currently counted as wave 1 of an impulse - the current wave count would be invalidated (see link to main count below). This would mean an immediate switch in outlook from the current view of being in wave 4 of a 5 wave move to the upside - to being in wave C (circled in blue) of a flat ABC (3-3-5) correction to the downside. This would complete wave II of the cycle degree.
Note that under such a scenario wave II in the cycle degree would reach a more natural level than what has so far been the case (ie. low of the previous 4th wave on one lesser degree, and also eyeing the 0.786 fib, given that deep retracements are generally expected of 2nd waves).
Best advice is not to be in too much of a hurry to get bullish on Ether at the moment. Safer to wait and see what develops.
As an aside, this is a classic reminder that you should always, ALWAYS, exit when wave 3 of is complete. Never attempt to 'wait out' wave 4 to save the hassle of re-entering wave 5....because what you thought was wave 3 can sometimes tun out to be wave C of a larger X wave, in which case the whole thing reverses. Maybe that's happening here...a little more time will tell.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out