ETHEREUM - Catch This Bearish Wave!

4 juin 2023

ETH is currently in wave 4 correction, which appears to be a WXY wave. On lower timeframe, we appear to have completed Wave X.

We are now expecting the highs of wave X to be respected and we can watch for a lower timeframe trendline break for entry.

Trade Idea:
- Enter on trendline break
- stops above wave X or above price once trendline breaks
- Targets: 900, 700 nad 500.

What do you guys think?

As always, trade safe!

4 juin 2023

Note

For a Safe Entry, watch for a break of the red trendline and enter with stops above invalidation level