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Long

Here is the bullish scenario

KRAKEN:ETHXBT   ETHXBT
119 0 1
The best bullish scenario looks like this:The price stays close to the yellow resistance at 0.0235 and today or tomorrow the rally resumes with a skyrocketing move. If this bullish scenario is the correct one, wave 1 (read) is formed and we expect wave 3 (read) of 3 (green). Wave 3 of 3 is usualy the strongest and the sharpest. A shallow correction for wave 2 (read) fits the best, so a decline to 0.0219 - 0.02130 can be expected. This wil help us to accumulate more Ether. Only a decline below the pink support will signal that the bullish scenario fails. This will be the worst case because if such break down occurs the most likely development will be a deeper decline below the read support and we should wait for weeks before the new bull arises.
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