Currently we are tracking two scenarios with respect to Ether.
1) Bull base case: Currently we are completing the 'A' wave down (in red) to be followed by a 'B' wave bounce and which would then complete with a final 'C' wave down. This pattern also mirrors the fractal shown by the green circle that occurred September/October. This would be followed by a strong move higher (green arrow).
2) Bear base case: We have completed an ABC (purple) correction off the initial Eth A wave larger correction (Green ABC) from July/Aug. This scenario would have us visiting much lower levels over the next 12-18 months as we complete the final 'C' wave down.
1) Bull base case: Currently we are completing the 'A' wave down (in red) to be followed by a 'B' wave bounce and which would then complete with a final 'C' wave down. This pattern also mirrors the fractal shown by the green circle that occurred September/October. This would be followed by a strong move higher (green arrow).
2) Bear base case: We have completed an ABC (purple) correction off the initial Eth A wave larger correction (Green ABC) from July/Aug. This scenario would have us visiting much lower levels over the next 12-18 months as we complete the final 'C' wave down.