ETH is on a projected path

Since our last update, ETH behaved exactly as envisioned breaking the triangle to the downside and declining in a rapid impulsive pattern. We think it is wave A (circled) of the ABC pattern which should complete wave c of the bigger ABCDE triangle.

The levels on the chart are indicative. The price may go lower than indicated. Wave B (circled) can take many shapes therefore at this point the pair is not tradable unless you already hold short. A good strategy would be taking some of the profit to wait until B is complete and then to leverage the trade again.

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