One more correction 500-700 for Ethereum
تم تحديثه
Simple EW count up (hits fib ratios beautifully on the way up - not shown, and meets all rules & requirements to be valid).
ABC correction could be over since we bounced off of EMA200 (Orange) & .786, but this recent rally makes me very nervous because:
1. Forming a rising wedge on the 1D chart
2. About to run into EMA55, which will not act as resistance
3. Longs on Bitfinex are still very low - sentiment is still poor.
4. RSI running into resistance trend line
5. I think a double bottom would solidify positive market sentiment.
I will ladder most of my buys in the green box shown - 700USD down to 500, with a bias for the 600s.
ABC correction could be over since we bounced off of EMA200 (Orange) & .786, but this recent rally makes me very nervous because:
1. Forming a rising wedge on the 1D chart
2. About to run into EMA55, which will not act as resistance
3. Longs on Bitfinex are still very low - sentiment is still poor.
4. RSI running into resistance trend line
5. I think a double bottom would solidify positive market sentiment.
I will ladder most of my buys in the green box shown - 700USD down to 500, with a bias for the 600s.
ملاحظة
Correction:#2: WILL act as resistance :)
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.