Strategy Notes May 24th, 2018

My take is that this move this morning is stronger and more impulsive than yesterday's 'attempt'. For example the nano thirds in ETH, EOS, BTC, and BTS have subdivisions too small to see on any timeframe. That's some tight action. 

But as usual we have to move support up to spot a failure. Last night we failed after I was asleep. Happens. 

And, again until we get an impulse over .618 of the correction off the May highs, we can fail. We can above that but probabilities become very low. 

We're still over supports in most coins of some sort. Some are deep now and need to turn. I'll work the charts and express the ones I see deep as best I can.

Ryan Wilday hosts the Cryptocurrency Trading service on ElliottWaveTrader.net.