#Ethereum Daily chart update! 10/30/19 7:15 am EST

Ethereum seems to have completed the corrective price action with a retest of 150 level in what i consider for now a wave 2 pullback. If that's the case, we should now embark in the next phase of the advance which is a wave 3 structure. We have indications of an impulsive advance of the lows , that now needs to be corrected back towards 170 level . A considerable break of the upper trend channel line is needed to further the advance and confidence in the wave count so I will monitor that for clues. A break below the 165 zone would start to be problematic for the bullish case.

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