ETH EW COUNT

ETH Is clearly in a falling wedge with us just having completed our X wave when it hit 197 and also hitting the top of the wedge and being rejected , we don't know how the decline will unfold yet so we will have to wait and see but i will be looking for shorts if we get any sort of bounces ( mini ) and place stops just above the 50 Day MA. On the LTf's we can see it formed a channel and for a safer bet wait for the break of the channel and short the retest. I am expecting lows in a week. Trade Safe Lads!