The most likely scenario is bullish
for Ethercoin. The price action and the waves favor the support at 0.001860 as a very important one. As the price is above that level I will expect a test at 0.02950 and then at 00.3670. If those resistances hold we will have to axept a ranging scenario for several months. A break out above 0.03670 will signal resumption of a bull trend wih targets that are difficult to predict. The fifth waves are used to be smaller than third waves in stock market and forex, but cryptocurrencies show features similar to comodity markets and often we withness longer fifth waves. For the time being I preffer to buy at the recent levels and hold for a longer period of time (at least several months). Later if I see any signs of distibution I will reconsider my exposition.