mongacoin

ABC or 4th wave going for 5th?

Long
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Perfect mix signal for traders.

Bear case
- ABC done
- Bear flag with a perfect retest
- Impulse wave 1 downwards

Bull case
- Cloud bounce (first time in a very long time on 4hr with a cloud support)
- 4th wave done now going for a 5th wave

Tho it looks more bearish as compared to bullish from a TA perspective.
It seems like a perfect liquidity pool to trap bears.

Let's see how this plays out. Break and close above 220 resistance line would cause me to go bullish .