The rising wedge on ETH has completed ABCDE correction and we are ready for Wave C of ABC pattern that has started with a violent sell off in May. Following Elliot Wave pattern and Fibonacci retracement levels, we should be looking at following targets:
TP1: $1800
TP2: $1500
TP3: $1150
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TP1: $1800
TP2: $1500
TP3: $1150
Please leave comment and like!
Trade attivo
Short Sell Entry:$2680.00
Size: 2 ETH
Long Hedge Entry:
$2624.95
Size: 0.734 ETH
I'll be looking to close my hedge above $2700 once I see the corrective move up is exhausted.
Stop Loss @ $3050
Nota
Hedge Closed, small profit booked. Today was extremely slow, volume is really small and 1 hour stochastics just crossed down on the higher band. Expecting slow grind downwards from now on.Trade attivo
PS Hedge closed @ $2714Trade attivo
So far playing out according to the plan, I could have held the hedge a bit longer but that's fine. It doesn't look like it will be able to hold much longer but we need a break below £2550 to confirm wave 3.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.