ETHEREUM - The Perfect Flat Correction đź’°

2105
In our last 2 Ethereum analysis, we were bearish from the end of the 4th wave. We caught a massive 47% drop with little to no drawdown.

We are now approaching the final stages of the C wave, which is made up of 5 subwaves. We are seeing the 4th subwave now and anticipating the final 5th subwave, which will be a move lower. Once we've made that move, it will be time to buy Ethereum.

Trade Idea:
- Watch for the 5th subwave move lower and get yourself ready
- Once bullish price action appears, enter with stops below that low
- Targets: 3500, 4800, actively manage the rest

What do you guys think?

See below for our previous Ethereum analysis.

Goodluck and as always, trade safe!

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.