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Ethereum with ticker ETHUSD made an impulsive five-wave recovery, which confirms a completed A-B-C correction that can now send the price higher, as shared back on June 22. Link here. 

After a five-wave recovery, which we see it as a first wave 1, we can now see it making a pullback in wave 2 before a continuation higher within wave 3 of a five-wave bullish cycle.

One of the main reasons for a bullish continuation in the Crypto market is ALTcoin season. We talked about ALTcoin season on June 27. Link here.

There are many more ALTcoins with room for more upside. One of them is TOMOChain with ticker TOMOUSD. TOMOUSD can be now finishing wave (4) correction after an extended wave (3) above 1.8 bullish confirmation level. We can see it testing interesting support at that base channel upper line and 50% Fibo. retracement, which is ideal support for wave (4), especially if we consider 1.00 psychological level. So, watch out for a bounce and bullish continuation into 5th wave, especially if jumps back above 1.8 region once again.

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