Ethereum Short - Elliott Wave Count

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Correction wave looks complete. I've been laddering shorts in the red box. Waiting for next impulse wave down.

Take profit target (green box) for Wave 3 is 1.618 from Wave 1 (5 count) at around $80. Will shed around 25% of the position there.

Count will be invalidated if we close a 4H candle above the yellow line. It will serve as a soft stop-loss.

Good luck and stay safe :)



Disclaimer:
This is not financial advice. Your capital is your own responsibility. I am not responsible for your losses.

Komen
If my ideas gave you any insight and you'd like to see more:

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I will be posting more crypto TA soon.
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All shorts are filled. The recent wicks still show a bearish picture to me.
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