Ethereum break up the simetric triangle and then confirmation!!!

29 Nov 2020

This it's a screenshoot of my own Elliot Wave analysis study and waoh, it's so nice. So, I'm learn that elliot wave analysis cycle and ABC correcton it's so important in the market to know it. Also as my own leaningedge I reccomend for you as for me to mark Daily chart to understand it. So, I believe that my own technical analysis based in it it's so wonderful, classic and so understanding both concepts.



Ok, talking in the Daily chart, we are in the Elliot Wave #4 and soon, we would need to see any bullish impulse toward the $700 USD and then, maybe another correction ABC. So, I believe that Elliot Wave analysis it's so important to idntify any trend of the market.



We're here!!!

So, the most important for the H1 it's to hope a good confirmation of bullish cnadlestick to entry in the long position in ETH

Details:
1. Position: Long
2. Lots:
3. Entry Price: $530 USD (waiting for confirmation to entry)
4. Stop Loss: $518 USD, 0.045 ETH to loss
5. Target Profit: $583 USD, 0.2 ETH to earn

Remember my Ethereum plan weekly:
1. Starting with 1 ETH
2. Grow Up Percentage: 30% or 1.30 ETH (+0.30 ETH)
3. Risk Management: 15% or 0.85 ETH (-0.15 ETH)

So guys, if you like this idea, please share this analysis with your friends, traders and more!!!

29 Nov 2020

Nota

In Ethereum I move my price entry to buy order limit at $545 with a SL at 537