In Elliot Waves, the c wave of an abc is almost always the longest and thus it retraces very deeply. Just like here in Bitcoin Cash. The a and b (red) waves are placed and the c wave is still in progress. I've labeled the subwaves of c in white i,ii,iii,iv,v markings.
So, is the c wave almost over? Based on the sub waves, it seems the end might be near.
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.