SUMMARY
From the short term perspective, an abcde sequence of a potential bull flag could be in progress. If there is a lower low, it could be incremental. The next zone of zupport is shown by the blue circle area.
If you see the longer term for Ethereum (ETH), a five wave impulse seems to have completed and now the red abc correction is like going to take its course. It could be another pattern or wave sequence, but likely to be retrace a minimum of 0.38 Fib zone.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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