ETH has broken the wave 1 down’s low so we are now in wave iii of larger wave 3 down, which should be followed by wave 4 bounce and wave 5 down continuation.
As per waves equality, wave 3 will be equal to wave 1 around 1250. So that’s the minimum we’re expecting though wave 3 often extend and personally I am also leaning towards the case for extension since macros aren’t going to improve anytime soon.
Not to forget that there would be larger waves 4 and 5 too after 3 completes so the final bottom would be far lower than 1250, most likely below 1000. In the process, we would very likely touch or break the low around 880 which was made in June this year.
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