ETH Long Target

Observations are similar to BTC.
1) High RSI, due for a restracement
2) Gantley formation in play with 2 hrly (needing C to be confirmed as bearish formation)
3) Next resistance is as per November 2018 resistance, our target
4) Fib. observations all line up
5) Elliont wave in play, seeing wave 4 path

Please like and any comments welcomed.

Dagangan aktif:

More detail

Dagangan aktif:

As stated, if C is not confirmed as Gantley formation, then the current formation might continue in the rising wedge (in blue), indicating a drop is coming.

Dagangan aktif:

C has been invalidated and I have now changed my position, it has now become a bullish flag.

Dagangan aktif:

As I watch things in play, I'm trying to get the right patterns. Finally I see a restracement happening and my final conclusion is a pullback at this stage and target is wave 4.

Dagangan aktif:

After further review, I have narrowed it down to $160's range as the optimum buy in.

Dagangan ditutup: sasaran tercapai:

successful forecast