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Samoto
Aug 20, 2019 1:41 PM

ETHUSD climb to 361 Long

Ethereum / U. S. DollarKraken

Description

After breaking the trendline, ETHUSD tries to climb up with the new channel.

Best opening position at Fibonacci 0.5 and follow the market to 3.61 at $364 first.
Stop level bellow $166.

Comment

Don't forget to like, if you agree with this analysis.

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Best buy position reached!

We have higher low also.

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False breakdown. Target still the same.

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Getting back into the channel.
Comments
ferGOD
Samoto
@ferGOD, agree with a wedge but 4th wave should not be bellow 1st wave by Elliot theory.
ferGOD
@Samoto, Yes ... I know ... * Wave 4 does not overlap with the price territory of wave 1
but ... what is your wave 1?
Samoto
@ferGOD, here you go.

IMO. Since different people count differently. It's also nice to connect that to Fibonacci. Some counts become objectively wrong when doing that.
f3rG0D
double bottom!
Samoto
@Anonymous_Learning, yes. And most probably false breakdown also. We stopped at strong previous supports.

Retesting the breakout now. This can go fast when back in the channel.
ferGOD
Good afternoon my bro

I don't know how your ETH scores are. I will share a doubt. I currently have three different counts. Could you share your vision? Thanks
ferGOD
First count
ferGOD
@ferGOD, Second count

ferGOD
@ferGOD, Third count

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