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a 2nd wave of 3rd is ended or almost to continue unfolding an explosive 3rd of 3rd wave. It's a target of 0.9 on the pair to sell each ETH for almost for whole bitcoin token. that is an amainzing 3500%
we will see...
Shorterm bullish trend is broken. 4th wave is in progress, still is soon take it as a fact, but a triangle is what has to be expected. For now we can see first 2 waves of a correccion A and B. This third waves will defind what kind of correction we are seeing. Wave C can develop in 5 waves, what mean it is part of an ABC correction and would be the las waves of...
Rigth now we can see cristal clear the correction wave as price consolidation for the amazing bull market that ETHUSD has performed this year. We can asure that we has met a 3rd bullish wave and we are currently in a 4th in progress. The key point of this waves is try to avoid them and trade the beggining of the 5th wave. This waves are confusing, because of the...
still waiting to take postions. As I don't want to guess the top. Once It defines the max, I'd short with a stop a bit above that max. C wave unfolding 5 subwaves expected. Target 30.28 around the a wave (red circle) from the flat correction.
Simple Zigzag or complex correction.
4th waves commonly unfold as triangles. so that's what we should expect. If so, price wont fall below 33.1 for that we'll have to see what happens after the complete cycle is unfolded.
So as said, correction is coming.
5th wave unfolded as ending diagonal. Explosive break out of lower of the diagonal. Short position can be taken. Price above 14.5 would be nasty but still valid until 17.45.
23.5% of stop loss for a 56.8% profit 2.4 R/R ratio.
It is nice move but big percent of potential loss.
Key points to follow:
break the lower trend of the...
2nd wave of 3rd wave. Mid-long term is bullish, after this correction we will see explosive uptrend moves.
Short position around 26.5 when we could see the impulsive exhausted.
After that target to look for is 16 for 0.618 of the whole impulse. Then the 3rd wave will go beyond this impulse, and first expected target would be +40