Last update I posted:
Due to the low liquidity there are many spikes that make the charts of altcoins harder to read. So I compared with other exchanges, which gave a more clearly readable chart.
On the chart below you can see 5 completed waves with wave 5 an ending diagonal. The bad news is that you can expect 3 waves down, but the good news is we'll see more upside after this correction.
On the bittrex chart the spikes make the chart harder to read.