Price action is within a range after an impulse down. This consolidation is likely a flat (needs to complete a local 5-wave structure, requiring a local higher high), and an alternative option of a complex correction - a wxy structure (already completed) with an immediate move down, similar to the prior impulse (blue arrow).
i put stop loses regardless to be safe but ETH has a lot of energy building i think we will hit upper 4s before such correction down
wytewonder
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look at how much energy ETH has tho
ProjectSyndicate
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I agree with your outlook, I'm tracking a similar setup myself.
Seems like BTC Is the only 700-pound gorilla that still stands strong,
alt coins bleeding hard already and BTC market dominance is over 60% now.
justinkeife36
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@ProjectSyndicate, i was looking and the rsi for btc dominance, its already over extended i give it a few more days of growth