SUMMARY
Electroneum (ETN) is still not yet complete with its a,b,c correction as shown below. The red b waves is an a,b,c,d,e triangle and the c wave subwaves are shown as white impulse 1,2,3,4,5 waves. It shows that white wave 5 is still due. The expected subwaves of the white wave 5 is labeled in blue. The target for probable bottom is $0.042 or so.
The ETN/BTC is forming what looks to be a probable bullish downward pointing symmetrical triangle. However, it is not yet complete. Since wave c always has five subwaves, I've labeled them as white waves 1,2,3,4,5. Wave 3 is completing and so that leaves 4 and a lower low to 5. Once complete at around 127 Satoshi, the bottom could likely be called.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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