SUMMARY
Here is ETHOS/BTC which in December put in a hastly five wave impulse up with a very long needlelike wick price for wave 5. Since then, the correction has been deep enough to spike retrace towards the prior wave 2. The pattern is the second most common consolidation type; a symmetrical triangle. What do you think will be the next price move? Look how close the price is to the apex. Would this be an ideal time to be taking Buying or Selling actions?
Taking a look with the MACD can supplement the technical picture. I'm projecting a breakout from the symmetrical triangle for both price and the MACD. This would allow a sizable rally from April into July or so. Usually, the breakout exceeds the start of the pattern so all time new highs are likely.
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