Ethereum / TetherUSShort
Don’t get over excited on ETH. Here is why
Eth had a 5 sub-wave down correction which it can indicate a Zig-Zag correction at least. A Zig-Zag correction is a 5-3-5 wave count. Based on this theory, the wave B, should have 3 sub-waves up, as drawn on the chart. In case we see this pattern, we may expect at least to revisit the lows of 1500usd and even lower. But this is a short term (1-2 months) correction and part of a mega bullish wave 5 up. Nothing to worry about the future but it will be nerve breaking for many. Just turn off your social media accounts and come back in 2 months.
Stay safe!
Stay safe!
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