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Long

ETH is not far from a U turn to North

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
Like many other token from the crypto universe, ETH has been in corrective mode since nearly two weeks. The high of what is noted purple iii was @ 180.00. Our count suggests the token is in its last corrective leg, noted blue circled c.This leg is now in its support zone . Even if it is not expected, the move can go as low as 149-155.00 zone. Regarding the oversold condition of technical and the good positive momentum level, we are waiting for a new strong rise once the floor is reached.

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