Ethereum on a higher timeframe is currently in the 4th wave and we're seeing an expanded ABC correction. We are currently on the final legs of the C wave.
It looks like we're finishing the 4th wave of wave C and anticipating one more drop back down to the 1700 level where we have multiple confluences to BUY Ethereum for the 5th and final wave.
SHORT Trade Idea:
- Watch for lower timeframe trendline break
- Entry on break with stops above recent highs
- Target the 1700 level
LONG Trade Idea (SWING):
- Watch for price to come down to the 1700 level
- Once bullish price action appears, enter with stops below 1700
- Targets: 3400, 4800, 5500, Manage the rest
It looks like we're finishing the 4th wave of wave C and anticipating one more drop back down to the 1700 level where we have multiple confluences to BUY Ethereum for the 5th and final wave.
SHORT Trade Idea:
- Watch for lower timeframe trendline break
- Entry on break with stops above recent highs
- Target the 1700 level
LONG Trade Idea (SWING):
- Watch for price to come down to the 1700 level
- Once bullish price action appears, enter with stops below 1700
- Targets: 3400, 4800, 5500, Manage the rest
Note
Ethereum 8H SELL Zone: 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.