Ethereum is making a deeper A-B-C correction [Video]

Gregor Horvat Wavetraders

Ethereum with ticker ETHUSD is slowing down for the last two months, but the price action is slow and wave structure looks corrective. It's ideally making a deeper A-B-C correction in the 4-hour chart, where wave A was an impulse, while wave B was a triangle. So, we are tracking now wave C that can find the support around 1650 - 1550 area before a bullish continuation. Bullish confirmation is above 1900 region.

We talked about cryptocurrencies and Ethereum in our latest Crypto video analysis: Watch it below:

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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