Our priority view in ETH is the start of a strong upward move. The first upside targets are at $1,747. Should ETH fall to $1370, this scenario will be cancelled.
Great! The idea for this asset fits the current macro situation. In the next ideas I would like to see a more detailed description of the idea.
Financial_Wave
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@TradingStat, thank you!
Solldy
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A very high-quality analysis of the asset. I think that the immediate price reaction will help make sure of the further direction of movement. Buddy, I wonder what indicators you use in your analysis?
Financial_Wave
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@Solldy, Thank you! We use the wave principle as the main type of analysis. As a rule, indicators are not necessary for this method of analysis. Of course, you can use price action or stochastics, but the basis of the analysis is to identify which wave the instrument is in, where the best entry point can be. Fibo levels are good for this, we often display them on the chart.