ETH/USD Elliott Wave Anaysis
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjExG-4MPfuFiCBapqyMp5qEm5J-MyhjEQFC6O9v3N5aepvSbeV_mMi88Y-xO45En8wt8Z87xNanC-ROPgvYzd_b_k-I1KDW8vZZY8-mDG-1z53alNOI3xZ-Vwzppl-uB_AO2Q0dmykPy4J/s16000/eth.png)
ETH/USD daily chart From the above daily chart of ETH, it is very visible that prices are moving in a lower highs and lows. Also prices are below the falling trend line which is a negative sign. However, as per wave theory, if this trend line is broken which means a bullish break can be seen, I will no be bullish unless there is a follow up action providing confirmation. So I have placed my wave counts with possible scenarios. The first fall can be seen as wave a which is impulsive in nature. So if this is wave a of zigzag then wave b is unlikely to move above 61.8% of wave a. In wave b wave wave a and wave b is over and wave c can surpass wave a of wave b which can move till $2900-3000 levels. If wave b continues to move above $3600 level then the first scenario will be negated and another impulse will start. Learn Technical Analysis in our 4 month course to help you to identify better trade setups. This course will be conducted every twice in a week for around 2 hours. This theory