Ethereum
Short

ETHUSD 15% Correction | Elliott Wave | Jeremy Wagner

363
Ether is primed for at least a 15% correction.

After a completed impulse wave, I am anticipating a corrective structure down to $150-$200. This would represent a 15-35% correction depending on how deep into the box it corrects. Longer term HODL'ers will have an good opportunity to buy at these lower levels.

Of course, no guarantees this will happen. I'm using Elliott Wave as a frame work for determining market trends and hot spots for my crypto friends.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.