ETH 6.59 Risk-Reward Ratio Long to Achieve 3-3 Impulse
- Target price: $5,100
- Stop-loss price: $3,400
- Risk-reward ratio: 6.59:1
After finishing the 3-2 correction, Ethereum is currently in the middle of a mini 2nd wave correction.
1. 3-3 Impulse will be a substantial increase, proceeding for $5,100 3-3 Impulse target.
2. It experienced a semi-excessive Fibonacci retracement to its first wave of 0.5.
3. The range of stop loss is minimal (-2.5%).
Therefore, medium to high leveraged long is possible.