The correction has reached a strong support zone, with the psychological 500 dollar barrier close to it.
Eth has formed a falling wedge, with a 1st target arround 600 dollar.
Here it is important to watch bitcoin, as all coins follow the same direction.
Looing at EW bitcoin should now be in its 5th wave of its C wave, though that is not very clear.
A break out of the falling wedge could trigger the push to 600 or a bigger reversal
Eth has formed a falling wedge, with a 1st target arround 600 dollar.
Here it is important to watch bitcoin, as all coins follow the same direction.
Looing at EW bitcoin should now be in its 5th wave of its C wave, though that is not very clear.
A break out of the falling wedge could trigger the push to 600 or a bigger reversal