Mornau-Research

ETHUSD - Incredible results +62%

Long
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Good Morning dear subscribers and visitors

Just yesterday Bitcoin broke it's previous ATH for the first time ever and ethereum could establish itself above 635$!
Everyone of my subscribers can enjoy an astounding 62% profit and we should all be very grateful for this opportunity.

Expected scenario:
Ethereum corrected to the 0.618 retracement and could gain almost 120$ since this bottom.
I expect that we are currently in a wave 3 which will bring us atleast to the 1. 618 retracement at 780$
We are witnessing extreme levels of volatility so be careful and stay tuned!

Alternative scenario:
There is a very small chance that we could be in a corrective B wave or that we just finished wave 5.
However the possibility of this is very small and it is very unlikely that said scenario could happen.

Proof that i predicted this uptrend and that i am invested since then:

Current setup:

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

75% of Position open
25% of Position closed (at a profit of 44.43%)

Trade active: Position is open like described...
Comment: EMERGENCY UPDATE TO ALL SUBSCRIBERS

I just saw another opportunity to load up on positions.
This entry is very risky but i will keep using my strategy.

Entry: 648.89
Stop-Loss: 530
If you should have any questions or want to get signals before i publish them on tradingview, feel free to contact me.

Comments

408-440 is a good entry ...
i failed to buy more in the range $48x
650 not is good entry as you said is risky..
reward is low...

what is the maximum price
what do you wait before a correction
regards
+1 Reply
@geekpe, I assume that we can reach prices as high as 850$-890$ in the next days and weeks.
Unfortunately we already went up 120$ since the bottom of the black wave 2. Opening positions at this time is risky but could be the last opportunity to buy before we reach higher prices.

Keep in mind that i am more than 62% in profit in ethereum and nearly 49% in bitcoin, because of this i can afford it to take this risk.
I know that it is hard to participate in this rallye at prices this high but i will continue to follow my analysis strictly.
+1 Reply
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