Ewcharter

ETH-USD- Down Scenery is now taking over

BITFINEX:ETHUSD   Ethereum / Dolar
The Bull Hypothesis has been erased since the moment that prices failed in reaching the TARGET SHELL of 972.00, taking instead the bear scenery reaching the alternative TARGET SHELL of 708.42.But this turning down meant a substantial change in the EW counting opening the gates to a deeper fall.

Main TARGET SHELL 454/457.00 zone, looking for wave ( iii             ) it would be the purple Box/Arrow.
Although a rising to 853/860 zone is also possible (RED BOX), but it rarely changes the current bear scenery.

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