ETH/USDT (1D) Long term setup // Ideal Buy Zone ?
Hello Traders,
As you an see at this chart, I still think ETH is in Downtrend and need to finish this impulsive wave from the TOP.
The QUestion is: "Is this the wave A or wave C of Correction ?
In both cases we have to finish wave 5 of this corrective move. Also to form double bottom or Lower low with RSI and MACD Konvergence at 1D /1W Chart.
This would be Strong enough signal for me to start DCAing into a position. So expected range is around 700-300 USD per ETH.
Also notice there will be a transition of ETH into Proof of Stake. Many speculated aboutthis "event" and bought the last dip.
So what could go wrong ? :D :D
Lets see in 1-2 months if the entire market goes down including BTC/ETH. (They are highly correlated with Risk-ON assets, so DXY will most likely take them down.)
If so, I will start to look for most promising projects and start accumulating despite current Mindset at Stock and Crypto markets. ;)
Take care, trade safe and enjoy the ride,
As you an see at this chart, I still think ETH is in Downtrend and need to finish this impulsive wave from the TOP.
The QUestion is: "Is this the wave A or wave C of Correction ?
In both cases we have to finish wave 5 of this corrective move. Also to form double bottom or Lower low with RSI and MACD Konvergence at 1D /1W Chart.
This would be Strong enough signal for me to start DCAing into a position. So expected range is around 700-300 USD per ETH.
Also notice there will be a transition of ETH into Proof of Stake. Many speculated aboutthis "event" and bought the last dip.
So what could go wrong ? :D :D
Lets see in 1-2 months if the entire market goes down including BTC/ETH. (They are highly correlated with Risk-ON assets, so DXY will most likely take them down.)
If so, I will start to look for most promising projects and start accumulating despite current Mindset at Stock and Crypto markets. ;)
Take care, trade safe and enjoy the ride,