Changed View on Ether

After price action today I am changing my view on ETHUSD which I posted yesterday.

Quick chart on ETHUSD...While it is still possible that we get a 1-2,i-ii, (green/red count) the experience I have now has taught me not bet on these setups if they gorp out like this. They are super bullish and tend to be tight quick consolidations. So, I'm leaning now that this triangle breaks out (and it looks complete) into a c of b up (magenta/grey) and then finally falls out of bed in the larger c. But since it will be a high B if we get it should hold around $30-31. But down to $22 should not be ruled out. Breaking over $53 and holding over would suggest the higher targets.

Also of note, it will take a really big breakout to negate the huge 2H divergence we now have, particularly in MACD

Disclaimer:

Trading crytpos is like swimming with sharks. These are unregulated markets. While I'm providing some analysis, the risk is all yours. You can get hacked, raided, and scalped. These markets can be thin and predators lurk. Do not put any money in cryptos than you can afford to lose. Always use two factor authentication on your accounts. And, regularly take profits out and trade something else.