As requested, here's my analysis of Ethereum. Please let me know if this helps!
The current correction appears to complete the wave 4 correction of the primary cycle. (This is important so you can be aware of the next big correction that other crypto analysts overlooked!)
While we do have to be aware that a longer WXY correction may still be in play, it is perfectly acceptable that an ABC correction completed wave 4 as shown in the descending channel. If that is true, then the last increase that broke out of the channel is indicative that we have begun the 5th wave, with the last bump being the 1st impulse of that wave.
This is also supported by the ABC retrace to .618 which is deep for a wave 4, but in line with what we are seeing in the overall market. The only way to be certain is to watch that we don't see a lower low. However, a head and shoulders top was formed in the last bounce that when measured, supports a very common wave 2 retracement to just below .786 fib line. The only thing that can prevent that is the massive sell volume that begun around the 20th of Feb. Despite that, the indicators are still bearish at the moment. I know most analysts are bullish on this, and I would love to see everything in the market moon, but I see this going lower in the short term, before reaching new highs.
Healthy trading and profitable investments,
The Freedom to Be
Legal Disclaimer: The information provided herein is for informational, or entertainment purposes only. I am not providing financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs, and only invest what you are willing to lose.
If you profit from this idea and would like to keep the charts coming, wallets are below:
BTC: 13mG7EsCBB3wK2pQnV4zXqXUXmnVtCbmS6
LTC: LTfKUD4g4zytwbLFsFCJyG6N55xu3mtZYJ
ETH: 0x800fe4a5a75af9034f4982c04bdd4b557dca0f3f
BCC/BCH: 1QmchfEizCkLLweNySkAJmBCJ6zEtfkBB