BULLS
1. HH,HL
2. Retarcement at 0.382 fibB
3. ABCD in place
4. Seasonal Dec Bullish
5. 4EMA
6. Chaikin, Klinger, RSI divergence
BEARS
1. At daily resistance
BIASED: Bullish
Entry: You can enter at breakout of resistance
Stop Loss: At point C of ABCD pattern
NFA: based on a simple indicator, the price of eth is looking like its heading to just above $7k
The only question is if it will retest resistance or will it just pump.
My theory is that we could see a pull back once resistance is broken before we run to just above 7k
Interesting times ahead, Stay Safe
Happy Trading
Nice week and profitable deals 💲
We have 3 different Counts for wave 5:
green Count - 60 % probability
red Count - 30% probability
blue Count - 10 % probability
PART I
ETH/USD longshortswitch - great opportunity !!
PART II
ETH/USD - The father of Alts - - great opportunity !! PART II
I would like to mention that all I post are just options and my own...
Update: Change to ETHAUD symbol.
Previous: These are my current thoughts on ETHAUD.
Alternatively, you can hold until 14000 - 23000 at 940/980 (1300% - 2200% return).
This is based on the alignment of trendlines , lower lows, consistent pullbacks, potential retracements, fibonacci levels, and market conditions.
If market conditions change, then adjusting...
First of all, this is in Australian dollars, not US. (Multiply by AUDUSD, or Divide by USDAUD to get the equivalent USD corresponding values)
There's a lot more of this cycle, but the next 3-6 months are going to be interesting whatever happens.
One scenario I wonder if it may play out, is Ethereum hitting it second Fibonacci extension from the top of the...
Looking back at the previous Cycle in 2017 Ethereum had a large rally followed by some voilent sideways yet still upward sloping consolidation before a near 65% pump to the upside. This current pattern looks very similar. We have hit ATH's whilst still being involved in an ascending triangle pattern,
if we get a break to the upside out of this triangle, do you...
As ETHAUD has just tested 0.5 of the Fib and bounced we're expecting It to go bullish to 1.3 of the fib taken from the impulse , and after few consolidation we would be expecting the market to go bullish again to 1.618 of the fib.
Mean while we have SL bellow 0.05 of the fib .
Goodluck following this idea.
KRAKEN
