Hello, everyone!
In my opinion Ethereum is showing much more interesting potential setups than BTC. Today I am going to show you my trading plan for $BINANCE:ETHUSDT. As you already know from my previous analysis I expect huge dump on Bitcoin and entire cryptomarket in the upcoming days.
Looking at the price chart I can conclude that ETH has finished it's corrective wave represented as a zigzag ABC. Now it's printing the impulsive wave 3. Wave 1 inside this wave has been already finished. I assumed this because we can see the reversal bullish squat bar at the very bottom. Now I am waiting for this bullish bar confirmation to open long trade with the target at 0.61 Fibonacci retracement, approximately at $1940. This trade is risky because it's trading on corretive waves, but I will take it.
From $1940 I expect the impulsive wave 3 which can reach even $1654. I am also going to catch this move.
Best regards, Ivan
__________________________________
Follow me and never miss an update👍
In my opinion Ethereum is showing much more interesting potential setups than BTC. Today I am going to show you my trading plan for $BINANCE:ETHUSDT. As you already know from my previous analysis I expect huge dump on Bitcoin and entire cryptomarket in the upcoming days.
Looking at the price chart I can conclude that ETH has finished it's corrective wave represented as a zigzag ABC. Now it's printing the impulsive wave 3. Wave 1 inside this wave has been already finished. I assumed this because we can see the reversal bullish squat bar at the very bottom. Now I am waiting for this bullish bar confirmation to open long trade with the target at 0.61 Fibonacci retracement, approximately at $1940. This trade is risky because it's trading on corretive waves, but I will take it.
From $1940 I expect the impulsive wave 3 which can reach even $1654. I am also going to catch this move.
Best regards, Ivan
__________________________________
Follow me and never miss an update👍
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Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
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.