ETHUSD: approaching support - Market Analysis for Jun 22nd, 2018

ETHUSD: tough pattern to count. I prefer projecting possible possible support regions to watch the reaction.
IF the (1) - (2) count to the upside will play out support region at 417 level could stop decline and trigger a strong rally matching wave 1 of (3) up.
Inability to hold this support OR inability to build a strong impulse off the forming low opens the door to 285 area (the count is not shown)

BaseCase - ETHUSD - Primary Analysis - Jun-22 1835 PM (144 min)
BaseCase - ETHUSD - Primary Analysis - Jun-22 1835 PM (144 min)
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.