CryptoHedging

Possible Elliot Wave

BITFINEX:ETHUSD   Ethereum
Hi everyone, first time I publish so don't be harsh :)

We can see that the uptrend is forming an Elliot Wave - We do think that the correction wave will hold around the $130 area however the $120 area is not excluded.
After it's waiting if the areas around $120-$130 will function as resistance if so higher prices can follow.

We bought in around $89 and after that multiple positions were opened making a total of 2ETH.
Target is between $500-$600 and then we'll close 30% of our position to ensure our initial investment. After that, we'll go long for around 2 years.

Of course, in between, we'll follow the trend and take every opportunity!

Thank you for reading :)
Penafian

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