ETH Daily swing direction based on Elliott-Wave calculation
Currently market seems to be on the edge. Not very clear structure and therefore I am expecting, we are still in a higher timeframe consolidation.
Right now, I am expecting to have a short relief until Wave B reached. Because of the lower timeframe structure, chances for a flat correction with Wave C are higher than a Zickzag and new lows.
But this can be validated as soon as we have the final structure for wave B.
Right now, I am expecting to have a short relief until Wave B reached. Because of the lower timeframe structure, chances for a flat correction with Wave C are higher than a Zickzag and new lows.
But this can be validated as soon as we have the final structure for wave B.
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