SUMMARY
Back on February 28th, the below chart was posted for Ethereum Classic (ETC). Since price had been moving sideways in an alligator tooth type of volatility; the undertone of an incomplete correction was clearly noticeable. The blue WXYXZ label was used to indicate also that the correction needed more time consumption.
As of this morning, ETC has turned down after completing the second blue x wave. This current decline is likely the blue Z wave and once complete, it could provide a good potential corrective bottom level.
Here is the closeup showing the breakdown of the final blue Z wave into its subwaves, red ABC. I believe this will probably be a zigzag in wave count and if so, the final wave C needs to subdivide into fives as shown.
There is an alternate where WXYXZ corrections can form the final Z wave as a triangle. This is much more common in Cryptos than in equities and so awareness of this alternate could be helpful.
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