Hi all,
It has been a while without any mayor post, sorry for that but I have been very busy.
ETH is doing great and I already said a couple of weeks ago that resurrection was closer.
And it happened. The market is way more active, bullish and volatile which is great but at the same time will require to be more active in trading.
I was lucky to rally out this upward waves with good positions but this is not over, what is next?
The retraction of the last hours needed to happen and its a sweet 50% FIB retracement of the wave three (black line). We have complete wave 4 and we are going up along wave 5. We should face some resistance in the $670-$690 range although we didn't get in the previous wave. Also, $740 range would be a zone of fight between bulls and bears but we should get to $829 range in a couple of weeks.
Be careful, don't panic with the drops and please remember that we have gone through a lot of traps so there might be one or two more over that suddenly changes all of our plans.
God bless you all.
It has been a while without any mayor post, sorry for that but I have been very busy.
ETH is doing great and I already said a couple of weeks ago that resurrection was closer.
I was lucky to rally out this upward waves with good positions but this is not over, what is next?
The retraction of the last hours needed to happen and its a sweet 50% FIB retracement of the wave three (black line). We have complete wave 4 and we are going up along wave 5. We should face some resistance in the $670-$690 range although we didn't get in the previous wave. Also, $740 range would be a zone of fight between bulls and bears but we should get to $829 range in a couple of weeks.
Be careful, don't panic with the drops and please remember that we have gone through a lot of traps so there might be one or two more over that suddenly changes all of our plans.
God bless you all.