ETH - Bullish Scenario!
Good afternoon traders,
ETH is possibly setting up an inverse head and shoulders formation suggesting a bullish move higher is on the cards.
I have highlighted a possible bullish Elliott Wave count, if ETHUSD breaks the neckline we will be looking to go long in the market looking for a swing trade.
However, keep in mind there is a pennant formation setting up so expect some resistance around the 1840 zone.
Corrective structures can become complex, so the bullish count is NOT cemented in place. We need to see a breakout of the pennant formation before we can enter a more aggressive position on a pull back.
Any thoughts or comments are welcome!
ETH is possibly setting up an inverse head and shoulders formation suggesting a bullish move higher is on the cards.
I have highlighted a possible bullish Elliott Wave count, if ETHUSD breaks the neckline we will be looking to go long in the market looking for a swing trade.
However, keep in mind there is a pennant formation setting up so expect some resistance around the 1840 zone.
Corrective structures can become complex, so the bullish count is NOT cemented in place. We need to see a breakout of the pennant formation before we can enter a more aggressive position on a pull back.
Any thoughts or comments are welcome!
تم فتح الصفقة
Trade is tracking well!
We are expecting ETHUSD to continue rising.
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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.