CC_FX

ETH - It's going to be Legend....wait for it.. LEGENDARY

Long
COINBASE:ETHUSD   Ethereum / U.S. Dollar
Simple ABC correction followed by 5 waves within the 5th Wave of this bull Run, I will take profits immediately after new ATH is reached.

BCE meeting on thursday will give the spark to this new ATH , that i expect will be reached during the weekend. Narrative will be "digital Euro , blabala..." show me the graphs i will tell you the news.
Comment: 7% upwards today, great!trading at 2314 as i'm typing! i will keep my eyes on the next hours/day any 4-hour candle below 2170 level now would invalidate this wave count.
Trade closed manually: Closed the position, it's currently trading at 2420 usd, it's 11.7 % above the price when i posted this idea! Nice profit!! :)

Reason why i'm not waiting for new ATH is because there's the potential risk of this price action being an ABC correction in larger time frame and if so there will be a significant dump within these next few days that can take the price way below 2000 usd. i rather play it safe and collect the profit than push an idea that can not give me a good risk / reward.

time to analyse the price action and only jump back in if it's worth the risk.
Comment: If the daily candle doesn't close today (22/04) above 2517 i see some red days ahead

Comments

eth dead only way is down
Reply
CC_FX AhFee
@AhFee, I wouldn't be so sure about that, so far goes as planned, wave 2 didn't close / go below beginning of 1. The recent dump was expected and i see a good uptrend ahead. Then yes, the massive correction will come, but i see it happening only after this last breath. let's see but keep your eyes open this Thursday on ECB meeting
Reply
AhFee CC_FX
@CC_FX, agree but one last ath with low volume and thats it winter trend
Reply
dont you mean "Legen... wait for it...dary"? lol
Reply
CC_FX AndrewK1
@AndrewK1, You're right!
Reply
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