$ETHUSD - Market Analysis for Feb 18th, 2019

ETH is approaching the .618 extension, which is a common target for wave i of 3 within an impulse. Therefore, price can easily pause near-term for a wave ii of 3 consolidation next before breaking out in wave iii of 3. Above 155 and the alternative is heading directly to 200 as blue wave iii of 3 already or red wave c.

ETHUSD - Micro - Feb-18 1037 AM (4 hour)
ETHUSD - Micro - Feb-18 1037 AM (4 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.