Ethereum (ETH): A Minor Correction Ensues

SUMMARY

From the short term perspective, an abcde sequence of a potential bull flag could be in progress. If there is a lower low, it could be incremental. The next zone of zupport is shown by the blue circle area.

If you see the longer term for Ethereum (ETH), a five wave impulse seems to have completed and now the red abc correction is like going to take its course. It could be another pattern or wave sequence, but likely to be retrace a minimum of 0.38 Fib zone.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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