ligand

ETHUSD corrective move far from over?

KRAKEN:ETHUSD   Ethereum
It would be quite unusual, if the necessary time to correct the whole impulsive move from the beginning up to the all time high would take only half the time of this impulsive move to unfold. Also the downmove since Jan 2018 was limited to a simple channel. Complete corrective moves normally present themselves more irregular.
The present upmove since dec 2018 is also quite sloppy and doesen't really resemble a new powerful impulse.
Therefore the downmove in 2018 might have been just the first leg of an abc correction.

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