bshgeo

Elliott Wave Ethereum 2.2.2021

Long
BINANCE:ETHUSDC   Ethereum / USD Coin
Notice the divergence on this Daily chart as shown by the red trendlines. This suggests a sharp trend reversal is forthcoming which also supports Elliott count as a C corrective wave is expected in the count following this strong B Wave up. Look for favorable entry points in the $1000 - 1100 range which should allow traders to establish a profitable entry point for the next leg up as this coming C wave plays out over the next few days. Be patient and wait on price decline and the C wave to fully count out before entering a new order at the entry price level as suggested above. Protest gains made in this B wave rally now by setting stops or take profit limit orders. Watch and enter a new position as this coming C wave bottoms in a few days. Good trading.
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