Ethereum Swing Trade
Analysing Ethereum on a daily time frame for a swing trade
ETH has finished its impluse Wave 1 at 221 levels. Wave 2 should correct at 130 levels which should a a good buy zone to enjoy the rally of Wave 3.
Wave 3 can be expected to be at Fib ext 161.8% which will be somewhere around 330 price levels.
To summarise:
1. Buy zone: 130
2. Target: 330
3. Return: 2.5x / 154%
4. Stop loss at 80
5. RR= 4x
ETH has finished its impluse Wave 1 at 221 levels. Wave 2 should correct at 130 levels which should a a good buy zone to enjoy the rally of Wave 3.
Wave 3 can be expected to be at Fib ext 161.8% which will be somewhere around 330 price levels.
To summarise:
1. Buy zone: 130
2. Target: 330
3. Return: 2.5x / 154%
4. Stop loss at 80
5. RR= 4x
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