Guys, ETH rallied in 5 waves into its January high. It struggled seriously to rally with BTC together lately, showing relative weakness. The pattern has the characteristics of a fading 3-waves correction from the February lows. This makes the entire structure probably an extending leading diagonal, which is similar to BTC. Elliott's rules for this pattern calls for a longer wave 5 than wave 3. This impiles a target around or below $400 short-term. Setup: S/L 895 T 410
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Guys,
this is an ugly mofo... the structure is still incomplete as of March 18th, 19:40 UTC. Still looking for lower lows.
Really hope we could raise your awareness of the risk involved here if u did not go for this trade...
Best, SI
Trade closed: target reached
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Yesssss Baby! Target reached for a magnificent profit.
Closing all crypto shorts right now.
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+47% That's why trading is the best job in the galaxy!