Despite the bullish medium term count I expect some retracement at this point. At short term I have doubts if wave iv of iii of iii (orange count) labelling a triangle or a simple zigzag: a) If wave iv of iii of iii made a triagle ETH have more space to the up side. b) If wave iv of iii of iii made a simple zig zag this minor wave v could be an ending diagonal close to finished.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.