UPDATE on Bounce in ETH/USD ETHUSD in progress -- watch the resistance zone as it could turn down for one more low

Today's chart first then updates below:

On May 12, I posted this chart:

https://steemit.com/cryptocurrency/@phisight/a-bounce-in-eth-usd-coming-is-the-correction-over-is-the-question

and on May 13th I updated it to this chart:

https://steemit.com/cryptocurrency/@phisight/bounce-in-eth-usd-ethusd-in-progress-watch-the-resistance-zone-as-it-could-turn-down-for-one-more-low

And here is today's chart update - with the Elliot waves and Fibonacci Levels.

We are in the resistance zone I had predicted two days ago!

What next?

Well, my primary is that Ethereum will turn down one more time to target the 550 level or even the 497 level (lower probability) but first we may get a bounce to the 754-760 level. If the price breaches the previous high at 833, probabilities shift in favor of new uptrend targeting 2243+.

Hope this analysis was/is/will be helpful!

Note: you can right-click and open charts in new tab to see them at full size -- they are quite large and clear.