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
評論:
Ethereum 8H SELL Zone:
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