Ether (ETH/EUR) has broken the trend line drawn from the October 18 peak.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Ether is currently in the wave three in the daily chart. The wave one started on the August 2, and finished on the September 21. The wave two correction ended on the October 29. If this wave count is correct, Ether should be heading next towards the September 21 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, Ether is currently most likely in the wave three (sub-wave iii). The wave one started in the October 2015, and finished in the June 2016. The wave two correction ended on the August 2.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Ether.
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