ETH/USD heading for the last move of the retrace?

18 Ağu 2017

In my opinion it appears that ETH/USD is headed to do a little retrace on the correction of the Elliott Wave. Once the dust settles it will be interesting to see if a new wave begins or some further consolidation happens. I would not be surprised to see the last move down to (C) could be extended longer as that point showed some support previously. With the cloud getting really thin, the bearish trend has a decent opportunity to take the price down further.