ETH/USD [8H]
Same story for ETH, ABC correction presumably completed, therefore correction wave (2) also.
Wave 3 is the impulsive wave which we are expecting in the coming day(s) or week.
Circle represents how low we can go to finish (C) and therefore (2).
No need for panic & do not overleverage.
We will continue to monitor.
ETH/USD [4H]
A lot of red today in many markets, including crypto for a multitude of reasons.
There is no reason to panic.
Did we believe there is going to be a pull-back? Yes, however we believed that it wasn't going to be so deep.
Right now it can be concluded that Wave 1 has officially been made, and that wave 2 (correction wave) is most likely almost completed (check circle area).
After this it's time for Wave 3, which is the impulsive wave with a lot of momentum.
We will once again double down on our analysis.
Buckle up.
We will continue to monitor.
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