ETHEREUM - Higher Timeframe Overview
2weekly chart of Ethereum
We can see that we're currently in wave 3, subwave 4. Subwave 4 is looking like a WXY correction. Currently in wave X and expecting one more drop for wave Y.
We're anticipating wave 4 to be finish above the blue structure, which is our wave 4 invalidation level.
Trade Idea:
- On lower timeframe, watch for an ABC completion for wave X
- Once C wave is complete (of wave X), look for a trendline break or BOS to confirm bearish momentum
- enter with stops above wave X
- Target: 900, 650, taper position thereafter
Goodluck and as always, trade safe!
We can see that we're currently in wave 3, subwave 4. Subwave 4 is looking like a WXY correction. Currently in wave X and expecting one more drop for wave Y.
We're anticipating wave 4 to be finish above the blue structure, which is our wave 4 invalidation level.
Trade Idea:
- On lower timeframe, watch for an ABC completion for wave X
- Once C wave is complete (of wave X), look for a trendline break or BOS to confirm bearish momentum
- enter with stops above wave X
- Target: 900, 650, taper position thereafter
Goodluck and as always, trade safe!
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Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.