Mornau-Research

ETHUSD - Impressive 40% Gain !

Long
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Welcome back to another ethereum analysis my dear followers! BITFINEX:ETHUSD

I think it's worth mentioning that the past weeks have been far from boring!
Since my ethereum long which i opened just 17 days ago, i could reach tremendous profits as much as 40%!
This bullrun is an astonishing victory and a gift to every patient ethereum holder, in the past we always struggled to keep up with bitcoin .

Feel free to take some profits if you want to, i will watch the market in the next days and will decide for myself.

Everyone who took this opportunity along with me can be extremely grateful, watch out for future updates!

I slightly changed my expectations regarding the elliot wave count, i estimate that we can reach prices above 600$ in upcoming days and weeks.
The small drop which we witnessed yesterday was just a small wave 4 correction and we already started wave 5.
However a slight probability remains that we finished wave 5 and will start a correction downwards to 300$. But the likelyhood that this will happen, is very low.

Keep in mind that my stop-loss is on entry now, so i don't have any risk!

Current setup:

Entry: 408.63$
Profit target: +620$
Stop-Loss: 408.63$


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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
Trade active: Trade is still open as described...
Trade active: Trade still active, we are moments away from forming a new High.
The whole cryptomarket shows extreme volatility.

Be careful - we can go down as fast as we go up !
Comment: Closed 25% of my ETHUSD position at a profit of +44.43%
If you should have any questions or want to get signals before i publish them on tradingview, feel free to contact me.

Comments

Nice TA, I sold at 601, just to be sure ;) Now I'm looking to short, I think 620 area is possible! TY for chart!
Reply
@Kirmo, thanks for the feedback - the upcoming days will be very interesting!
+1 Reply
Kirmo Mornau-Research
@Mornau-Research, Yes idd :) Keep your idea's coming :)
Reply
Kirmo Mornau-Research
@Mornau-Research, I just update my TA 'wink wink'
+1 Reply
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