Short ETHEREUM - WAVES!

Hi Guys, if you followed us from the last chart idea, we have completed Point D of our consolidating Wedge and now embarking on our final point E which will consist of a sharp movement down.


See Related Ideas Link below for previous analysis.

Комментарий:

Current position (Close up)

I've got this at the moment, however there may be a little more movement up. But as it stands, i do see this as an opportunity right now.
I'll show you both scenarios:

Or movement up to complete point D:
One or the other, we are close or at completion.

Комментарий:

Looks like that didn't work so i'm looking for this final leg before the drop:

Комментарий:

A little more cleaner:

Комментарий:

Комментарий:

Комментарий:

Комментарий:

I'm thinking possible this now guys..

Комментарий:

Комментарий:

My count was wrong:
Here is the new one.

Комментарий:

Small tweak:

Комментарий:

Комментарий:

Комментарий:

Комментарий:

Please LIKE and Follow if you enjoyed the analysis <3 Thanks :)

Комментарий:

Off we go

Комментарий:

Tweaked trendline

Комментарий:

We are still in a range.
B correction wave.
Could be a decent short position if you're playing the ranges, which could coincide with the end of this consolidation and beginning of leg C of ABC.
However i can see that we may be missing 1 more leg (test up) before the drop, we'll see. I have entered but since price has come down a bit i have moved my stops into breakeven/profit. If this is the end and a drop occurs then great we'll ride it all the way down. If it's going to come up again and test, fine we dcan just re-enter.

Комментарий:

I'm thinking something like this..

Комментарий:

Woops ^

Комментарий:

Комментарий:

Комментарий:

Комментарий:

Alternative Path:

Комментарий:

If price blasts up then the original count was correct.

Комментарий:

If price blasts up then the original count was correct.

Комментарий:

Комментарий:

Комментарий:

Комментарий:

Gooodnight everyone i'm off to sleep it's 3:36am over here. Can't stay up any longer xD BEST OF LUCK and i hope this chart is correct and provides a good roadmap for you.

Комментарий:

Please LIKE and FOLLOW to support me please <3 I would REALLY appreciate it :)))