SUMMARY
Ethereum Dark (ETHD) had a sideways price moving start which was still wave countable as a shallow a,b,c correction. Wave 1,2,3,4,5 were clean and crips and now the correction is likely to show a triangle phenotype in the form of a,b,c,d,e waves.
The other likely price pathway for this correction is the a,b,c zig zag (5,3,5). Recall that the zig zag has five subwaves in the first a wave while a flat has three subwaves. The c wave always has five subwaves and the white waves delineate these. The blue trend line could show a resting area of the correction and likely where the c wave could bottom. As will be shown in tomorrow's post, ETHD is not following the ETH price pathway.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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Tutorial on the use of Fibonacci & Elliott Waves
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