johngarland

ETHUSD Daily Wave 5 LONG

Long
BITMEX:ETHUSD   None
On a daily chart, Etherium appears to have completed a Wave 4 pullback. Momentum shifted from overbought to oversold and now momentum is shifting back to the upside. High volume of buying came in on 02/27 which we look to continue to propel higher. For a conservative entry, wait for a close above a 4-6 SMA on a Daily candle. Stop below the low at 236. Wave 5 target is 300-321

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.