ETHUSD trading on a downtrend for quite some time now we recently saw a reversal as an impulse move. We have two different alternative counts but particularly in the same direction which would be the downside of a wave 2 correction. Both counts are valid and make sense as they do not violate any guidelines/rules of Elliott Wave Theory. One count suggesting the upside is over and we soon need to see a decline and the other suggesting we still need to see price rally to complete the 5th wave before seeing drop for the second wave on the blue degree.
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