$ETH is tracking the short-term path we laid out. We've got a clean five-wave decline in the books — could be wave 1 of a bigger impulse down, or wave a of an a-b-c correction. Right now we're in the bounce, either wave 2 or wave b.
Once this recovery runs its course, odds favor another leg lower. How deep it goes and how it unfolds will tell us whether we're staring down a nasty wave 3 or just wrapping up wave c of a standard pullback.
We read the structure as it builds. No script, no bias. Just follow what the market gives us.
Once this recovery runs its course, odds favor another leg lower. How deep it goes and how it unfolds will tell us whether we're staring down a nasty wave 3 or just wrapping up wave c of a standard pullback.
We read the structure as it builds. No script, no bias. Just follow what the market gives us.
