After we hit 107-108 level next target is 169 area!
We have 3 reasons now to believe our next target is upside and not downside after we hit our low target at 107-108 area!
ETH USDT is in falling wedge pattern and also usually have at last two waves in wedge stop grabbers before have a real breakout from wedge!
ETH USDT not only in wedge but also in ABC correction and fibo 61,8 level is often after first wave or in ABC correction and also often that a 61,8 level is little broken only and after that trend is going in opposite direction !
And sure we have there one of the previous highs !
So 107-108 level is a very good place for buys SL 80 Tp 169 Risk reward ratio is 2,22 in that case more than better!
Closer look
www.dropbox.com...hr/ET wedge.jpg?dl=0
ETH USDT is in falling wedge pattern and also usually have at last two waves in wedge stop grabbers before have a real breakout from wedge!
ETH USDT not only in wedge but also in ABC correction and fibo 61,8 level is often after first wave or in ABC correction and also often that a 61,8 level is little broken only and after that trend is going in opposite direction !
And sure we have there one of the previous highs !
So 107-108 level is a very good place for buys SL 80 Tp 169 Risk reward ratio is 2,22 in that case more than better!
Closer look
www.dropbox.com...hr/ET wedge.jpg?dl=0
Let's maximize our probability the rest is only question of risk management!
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
This can be the next move before next upside movement
www.dropbox.com...30 15.09.49.png?dl=0