Good afternoon traders,
ETH is possibly setting up an inverse head and shoulders formation suggesting a bullish move higher is on the cards.
I have highlighted a possible bullish Elliott Wave count, if ETHUSD breaks the neckline we will be looking to go long in the market looking for a swing trade.
However, keep in mind there is a pennant formation setting up so expect some resistance around the 1840 zone.
Corrective structures can become complex, so the bullish count is NOT cemented in place. We need to see a breakout of the pennant formation before we can enter a more aggressive position on a pull back.
Any thoughts or comments are welcome!
ETH is possibly setting up an inverse head and shoulders formation suggesting a bullish move higher is on the cards.
I have highlighted a possible bullish Elliott Wave count, if ETHUSD breaks the neckline we will be looking to go long in the market looking for a swing trade.
However, keep in mind there is a pennant formation setting up so expect some resistance around the 1840 zone.
Corrective structures can become complex, so the bullish count is NOT cemented in place. We need to see a breakout of the pennant formation before we can enter a more aggressive position on a pull back.
Any thoughts or comments are welcome!
交易進行
Trade is tracking well!
We are expecting ETHUSD to continue rising.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。