Ethereum: More Downside Likely
Gregor Horvat | Nov 26, 2021 04:41AM ET
Ethereum is trading lower after completing an ending diagonal/wedge pattern within the 5th wave, it seems like bears are back.
So for now, we are tracking a minimum three-wave (A/1)-(B/2)-(C/3) reversal to the downside.
Looks like the wave (A/1) is already in place, so after a corrective pullback in wave (B)/(2) be aware of a bearish continuation within wave (C) or (3).
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