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CycleForecast
Feb 27, 2018 10:15 AM

ETHEUR 

Ethereum / EuroBitstamp

Description

Hi guys

My only concern with ETH at the moment is that the drop in price from the recent highs could count as a 5 wave down. If correct then that could have been the minor count of an A wave, meaning that the B wave is underway which could end soon. If this proves to be correct then the C wave will cause ETH to drop lower than the A wave before ETH actually gets going to the upside again at a later stage. This looks like a classic ZigZag BUT as always this is just my view:)

*I used ETHEUR, the same thing is present on the ETHUSD pair.

All the best
Richard
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