ETH. Is bottom near?
Despite all the doom and massacre in ETH today, the charts are actually showing the following:
Two things are of interest:
- The current wave will be 100 % extension at around $220-240
- $150-$380 is the area of the previous wave IV of a higher degree (green)
Combined with increased negative mood (looking for the "bad guys" - blaming ICOs for dumping) the ETH might be nearing the bottom.
The call for the bottom will become especially strong case if we additionally:
- hear the price expectations of $100 and below
- one/two scam exits of the existing ICOs