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The_111_Quants
Mar 25, 2018 12:46 AM

ETHUSD UPDATE 25/03/2018 Long

Ethereum / U.S. dollarBitstamp

Description

I'm not proposing any trade setup as I have been stopped out on previous idea, so I'll hop in when confirmation. But as I said I will reassess after the break of 565.00.
So, while I cannot rule out a new low from current level (still 5 waves down in the FLAT from 02/02/2018), I will monitor as we reached the daily equal leg area from 14/01/2018 high cycle and the 4h equal leg area from 28/01/2018 high cycle as well at resp. 583.65-428.75 and 474.31-354.19.

Will keep you posted on the evolution for a setup.

Comment

ETHUSD is heavy. altcoin is in the turning zone here or lower, count can be adjustedas per chart. Not the best configuration to take a trade here. Other instruments are clearer.
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