In our last couple of Ethereum posts, we mentioned how we were expecting a correction before the next big impulse. We're currently in an ABC correction and seeing the B wave now. What we can do is catch the C wave down back to the major trendline where we can look for the next impulse up.
Short Term Trade Idea:
- Watch for rejection of the structure level to indicate the start of C wave
- Enter with stops above the rejected price
- Target the bigger 50 fib and major trendline
Longer Term Trade Idea:
- Wait for price to come finish the ABC correction and come back to the ascending trendline
- Watch for a bounce off of the 50 fib and ascending trendline
- Enter with stops below the price where price bounces off
- HODL
Do you agree? Leave your comments below!
Short Term Trade Idea:
- Watch for rejection of the structure level to indicate the start of C wave
- Enter with stops above the rejected price
- Target the bigger 50 fib and major trendline
Longer Term Trade Idea:
- Wait for price to come finish the ABC correction and come back to the ascending trendline
- Watch for a bounce off of the 50 fib and ascending trendline
- Enter with stops below the price where price bounces off
- HODL
Do you agree? Leave your comments below!
Note
The bigger picture 
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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.
🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
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.