After a good runup, Ethereum is showing a zigag pattern and plotting standard Fib Extension targets show targets below $900
Also, Inflation concerns, Unacceptability of Major economies and taxation issues can contribute towards this correction.
After a big bullish Impluse, BankNifty is correcting. We could see formation of wave C at 40000 levels, If it Indeed is Wave C and retraces at standard Fibonacci Extention of 0.786 from 40000, We could see Bank Nifty falling to 37500 levels.
After a ZigZag Correction, Bulls are back. As we can see an Ending diagonal forming on Wave C on correction which marks reversal of bearish trend. We can see new ATH soon. 18500-600 Would be our Targets.
BankNifty broke a Channel it held since April, Also on smaller timeframe Impulse wave shows Formation of Fifth i.e Bullish wave
If standard Fibonacci Extention for fifth wave is used, We can see 41200 as Next level from where we can see a correction/ consolidation