My personal ETH/USD projection guide. Im using elliottwave and fibonnaci on most of my charts but i still use the regular support and resitance breaks for shorterterm trading. If ETH market decide to go lower from here and intermediate (green) ii is not yet in then i will just adjust all counts lower.
All counts could go a little bit higher ( i iii v impulsive waves ) and lower ( ii iv corrective waves ). Impulsive waves 1's 3's and 5's could extend higher on a very bullish market and corrective waves 2's and 4's could extend much lower too ( deep corrections/retracements ). Trends ( uptrends and dowtrends ) are not invalidated until corrective waves breaks 100% of a measured move down. 100% corrections could happen before a trend continues itself and these are called double bottoms.
(for informational use only not a recommendation... just my 2 cent)
