I have outlines two possibilities for Ethereum.
On the left is a simple correction, that should top out at a max aprx $189.00
A price over $260 would invalidate this idea.
Keep in mind, that this current area of $147~ is a resistance zone and may be the top of this correction.
On the right is a complex correction that could top out at around $650.00
Over $260, I'd be looking to sell at around $430, then $650 if it gets there.
On the left is a simple correction, that should top out at a max aprx $189.00
A price over $260 would invalidate this idea.
Keep in mind, that this current area of $147~ is a resistance zone and may be the top of this correction.
On the right is a complex correction that could top out at around $650.00
Over $260, I'd be looking to sell at around $430, then $650 if it gets there.