Ryner
Long

ETHUSD daychart analysis (fibonacci + Elliott Wave Principle)

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
The ETH is completed wave one and waves two and wave 3 is still running, so for if wave three don't break the wave two's lowest(596.1), then the ETH still in the bullish .
In the Fibonacci, we can enter an order at the 0.318 level which is near 631 or if you are positive trader than enter it now is fine though, and put the stop loss at 570, and the target is 868.

Wishes everyone who has seen this idea can earn money!
good luck!
Trade closed: stop reached: Unfortunately, ETH is weakness than I thought.
Despite Elliott wave does not working, but Fibonacci strategy still effective.
Why not
0 - 367
1 - 540
2 - 500
3 - 715
4 - 600
5 - 840
in apr-may as for 1-5?

Or 1-5 as for ongoing
0 - 367
1 - 840
2- 6xx
3- XXXX
4- XXXX
5- XXXX?
+1 Reply
Ryner scilentor
@scilentor, Because the blue circle is the high and low point defined in my rules, in the long run as long as there is no lower point breaking the low blue one, then it is wave 2.
Reply
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