Mornau-Research

ETHUSD - Change of plan !

Long
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Emergency update on Ethereum! BITFINEX:ETHUSD

In the past weeks i expected a corrective wave 2 which should have brought us to prices under 280$.
Obviously this didn't happen and the price moved upwards for the past days.

I spotted a possible impulse structure and expect that we just completed wave 2 and already started the wave 3.
The chance/risk ratio is nearly 3.5 and a long entry is possible, upwards there is a potential of +33%!

Please manage your risk especially when you are trading crypto assets, never risk more than 1% of your capital on one bet.

Current setup:

Entry: 408.63$
Profit target: 544$
Stop-Loss: 368.76$


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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 open as described!
Trade active: STOP LOSS TO 397.9$ !!!
Upward movement is very solid and i dont want to risk making a loss on this position.
If you should have any questions or want to get signals before i publish them on tradingview, feel free to contact me.

Comments

Wow, great!

Its good to make some money on the side.

Congrats on this great trade!!
+1 Reply
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