The big time frame Elliot wave
count shows that we should be bouncing off to our third wave in this count on the daily bar chart. There was a five wave downward count on wave two and my calculations show that this should have ended between 0.028 and 0.031 ETHXBT
. With this value completed and daily candlestick
looking to close above it, I believe ETHXBT
could become a good long from now. I have opened longs from 0.03079.
This is not financial advise and do not follow it blindly. Please #DYOR and let trading be fun. Also, I am an absolute newbie on ETHXBT