ETHEREUM - Watch This Zone! 🚀

2850
Similarly to Bitcoin, Ethereum is approaching a critical zone where we'll be looking to buy.

We require the current wave to move lower than the 3rd wave completion (900) for it to be a valid wave 5. However, in the rare (very rare) cases, it may be a truncated wave 5 where wave 5 doesn't create a lower low.

Trade Idea:
- Watch for price to move below 900
- Once we're below 900, watch for bullish reversal signs such as trendline breaks, BOS
- The invalidation level is 350. The closer we get to 350, the smaller SL we'll be able to use
- Targets: 4500, 5600, Manual exit rest of position

Goodluck and as always, trade safe!

Penafian

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