If wave V completed, then current correction is a Wave 2 down. EW rule shows that wave 2s can retrace 50% to 99% of the prior five waves and still be a valid correction. However, fibonacci usually puts wave 2 retrace first stop at 50% and then 61.8%. So, probably, more down to go...perhaps $114.
If wave V completed, then current correction is a Wave 2 down. EW rule shows that wave 2s can retrace 50% to 99% of the prior five waves and still be a valid correction. However, fibonacci usually puts wave 2 retrace first stop at 50% and then 61.8%. So, probably, more down to go...perhaps $114.
This chart is BTC/ETH not ETH/USD.