KRAKEN:ETHUSD   Ethereum / U.S. Dollar
111 4 2
Alternate wave count ( flat correction ) from previous count ( ending diagonal ) -
Since the most recent rally seems to have unfolded in only 3 waves, an alternate wave count now fits better. This one names the first top wave 5 of the larger degree of trend and the second top as wave B of a regular flat correction (either that or B is a truncated 5th in which case the expectation remains the same - bearish ). Note that in a regular flat (3-3-5) the C wave should reach beyond the extreme of A, but probably not too far beyond. Note also the big figure at $8.00 around that target point for possible support.
At what point would you call this count invalidated?
Cryptolicious Cryptolicious
ah sorry, asked the
same question twice.
Anarchomania Cryptolicious
It would become invalid if it breaks the previous high.
Is this count about to be invalidated?
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