ivogruev

Correction in Ether not over yet

KRAKEN:ETHXBT   ETHXBT
155 0 4
Ethere needs to shake out more investors before an up reversal. Yesterday candle closed below the previous low of sunday candle. This is a signal that the decline may resume. A reversal can start any day of this week but in my opinion before this happens Ether coin needs to test the blue trend line which is the parallel of the green line between waves 1 and 3 (blue). A break down below the blue trend line for the end of wave 4 (blue) is likely. There is situated the target of the Head&shoulders marked with blue elipse.
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