Green Wave 5 or Red wave C?
Green Wave 5 Bullish Count
- Price must stay above the Daily EMA’s support where it is sitting right now.
- Must clear $742.72 to confirm green wave 1 and 2 are in.
- Must Clear $838.00 to confirm we are in an impulse green wave 3 up .
- Eth has already put in a .382 retrace with an A,B,C (green)correction
Red Wave C Bearish count
- Price must fall below the Daily EMA’s support where it is sitting right now.
- Must not clear $742.72 so as to not invalidate the we are in start of Red wave “C”
Target for Red Wave C
- The golden zone retrace region of(.618 and .65) is $541 and $526
- The Fib 1:1 extension of red wav A and B is $541
- Thus I believe the landing zone for a bearish count is anywhere between $550 and $526.