Manifested

Expecting further retrace for ETHUSD

Short
I wanted to post a quick update on my ETHUSD count. I am still tracking it as a larger flat ABC, with us currently being in an ending diagonal for wave c of B. We should expect at least a 90% retrace of wave A, or around $175. We could double bottom around $167 or even make a new low before a secondary rally. I am still targeting $125 after this correction, which may be over. My current targets are based on the 1 and 1.382 fib extensions of wave (a), which all happen to be below the 90% retrace of wave A.



*THIS IS NOT TRADING ADVICE*

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.