Dear Traders,
Here I display a verified count using fibonacci ratio's and projections on ETH.
As we can observe, it is likely that ETH is going to follow BTC pattern. Which is forming an running/expanding flat.
this is one of the most sophisticated bull traps in trading. the RSI doesn't look powerfull and the volume indicator doesn't suggest a wave 5 is incoming.
This means that we probably moving in a corretive wave since previous top.
My idea is to short, around the 100% levels, with a hard stop to the 130% level of the wave A!
Wish you all the best of trading.
Best regards
AppY-Crypto
Here I display a verified count using fibonacci ratio's and projections on ETH.
As we can observe, it is likely that ETH is going to follow BTC pattern. Which is forming an running/expanding flat.
this is one of the most sophisticated bull traps in trading. the RSI doesn't look powerfull and the volume indicator doesn't suggest a wave 5 is incoming.
This means that we probably moving in a corretive wave since previous top.
My idea is to short, around the 100% levels, with a hard stop to the 130% level of the wave A!
Wish you all the best of trading.
Best regards
AppY-Crypto
Nederlandse trading en investerings community voor en door traders;
Leren - nieuws - Technische analyses
deretailtraders.nl
Leren - nieuws - Technische analyses
deretailtraders.nl
Pubblicazioni correlate
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Nederlandse trading en investerings community voor en door traders;
Leren - nieuws - Technische analyses
deretailtraders.nl
Leren - nieuws - Technische analyses
deretailtraders.nl
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.