Updated ETH Chart- This thing's going to explode!

So ya, I'm bullish. My Elliott wave analysis shows that $404 was a wave 2 bottom and we're now in a wave 3. Pay attention to the notes here though. If this is a wave 3 it must be explosive, and must be get well above the low-$900's and then mustn't break back below that mid-$800's wave 1.
Additionally in the short-term we have a nice inverse head-and-shoulders pattern pointing to $590's pretty quickly.

Commentaire:

It definitely exploded briefly, however this BTC rally has taken the steam out of ETHUSD.
For now the inverse head and shoulders might be off the table and gone. $439 must hold otherwise $420 and $404 are downside targets.
Below $404 would be very bad though

Commentaire:

Mega-reversal! $404 breached, opening the door to $350 and potentially worse. In the short-term this thing is very oversold though.
We'll see. I've taken short- and intermediate-term ETH longs off the table though and am aiming for capital preservation. Still holding ZRX long position but if that thing breaks below $0.60 I'll have to dump it as well.