Ethereum Dark (ETHD) had a sideways price moving start which was still wave countable as a shallow a,b,c correction. Wave 1,2,3,4,5 were clean and crips and now the correction is likely to show a triangle phenotype in the form of a,b,c,d,e waves.
The other likely price pathway for this correction is the a,b,c zig zag (5,3,5). Recall that the zig zag has five subwaves in the first a wave while a flat has three subwaves. The c wave always has five subwaves and the white waves delineate these. The blue trend line could show a resting area of the correction and likely where the c wave could bottom. As will be shown in tomorrow's post, ETHD is not following the ETH price pathway.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf