ETHEREUM - Watch This Correction 🔥

In our last couple of Ethereum posts, we mentioned how we were expecting a correction before the next big impulse. We're currently in an ABC correction and seeing the B wave now. What we can do is catch the C wave down back to the major trendline where we can look for the next impulse up.

Short Term Trade Idea:
- Watch for rejection of the structure level to indicate the start of C wave
- Enter with stops above the rejected price
- Target the bigger 50 fib and major trendline

Longer Term Trade Idea:
- Wait for price to come finish the ABC correction and come back to the ascending trendline
- Watch for a bounce off of the 50 fib and ascending trendline
- Enter with stops below the price where price bounces off
- HODL

Do you agree? Leave your comments below!

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The bigger picture