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graham.edwards84
Nov 23, 2017 6:12 PM

ETHUSD nearing top of wave cycle Long

Ethereum / DollarBitfinex

Description

We should top out on this cycle around what looks to be 440 range and then expect a reasonable retracement before the next larger wave cycle begins. The bullishness will be indicated by the retracement. The deeper the retracement the less bullish sentiment so if you are planning on exiting and re entering watch closely for the turnaround signal. I may just hold through as I expect the upside to continue.
Comments
ElSHerief
What do u expect buy range
graham.edwards84
@ElSHerief, not sure what you mean?
graham.edwards84
@ElSHerief, to get back in?
ElSHerief
@graham.edwards84, yes
graham.edwards84
@ElSHerief, My feeling is that it will retrace to the 400 area as indicated by my drawing there. If it falls below that it could potentially hit 380.
ElSHerief
@graham.edwards84, thank you
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