mamed1

Potential butterfly

Long
BITFINEX:ETHUSD   Ethereum
The currency is moving in a side trend forming a potential butterfly,or it can be forming a triangle it's 4th wave of the 3rd larger wave of the fifth primary wave.both scenarios have the same target 338 .the problem is that the price reached the 4th wave of the prior 3rd wave .the safest trade is to wait until a penetration of 322 targeting 338 stop loss should be 315.

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