ModTrades

Did ETH finished its X to enter into the BULLISH Z ???

Long
COINBASE:ETHUSD   Ethereum
Hello traders,

Hoping that you are having a great weekend,

We are looking actually at the current move of the ETHUSD that has reached its strongest objectives, and the BTC too....

...Meaning we could maybe enter the bullish move with is the Z of the WXYXZ!

IF SO, we are aiming at the different price objective :

  • 3860 as the strongest,(green/yellow box) it is the 61,8% of the entire retracement and the 123% of the WXYXZ....(very very strong) plus it is a continuation of the channel
  • 3750 is also a strong one
  • Otherwise the other objectives are marked with the green box

Moreover, you can tell from the VMC indicator that shows the RSI divergence, we are having a triple divergence, and on lower time frame the green dot has appeared

Go check the Related Ideas for historical analysis from another great trader "Kraisus"
.
.
Having any question? don't hesitate to ask me bellow!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.