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pacsdude
May 9, 2017 3:52 PM

ETH still within correction wave Long

Ethereum / DollarBitfinex

Description

ETH/USD is still on track it appears with its correction wave. It made a lower low of $77.76 and CCI is currently @ 52, on it's way to the zero line for a cross.

Comment

Being rejected off of the midline of the fork. Appears it will be testing lower again
soon.

CCI is currently @ -50 and still continues to drop.

Comment

I appears to be a bullish gartley forming on the 60min and 77.x was the bottom of the corrective wave. I'm adding more ETH here.

Comments
patterntrader
Wonderful trade setup. I hope this will workout well.
Thank you for sharing. Continue the good work.
ZAZA6321
Hi

Do you think it will down to 77 usd ?

Which price you recommend for purchase!

Thanks
pacsdude
@ZAZA6321, I"m currently waiting for the low $70 area. We'll see what the PA tells us today.
ZAZA6321
@pacsdude,
Thank you so much so I will wait and we see what will be result.
pacsdude
@ZAZA6321, Yep, this sorta smells of a bull trap IMHO.
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