ETH is currently in wave 4 correction, which appears to be a WXY wave. On lower timeframe, we appear to have completed Wave X.
We are now expecting the highs of wave X to be respected and we can watch for a lower timeframe trendline break for entry.
Trade Idea:
- Enter on trendline break
- stops above wave X or above price once trendline breaks
- Targets: 900, 700 nad 500.
What do you guys think?
As always, trade safe!
We are now expecting the highs of wave X to be respected and we can watch for a lower timeframe trendline break for entry.
Trade Idea:
- Enter on trendline break
- stops above wave X or above price once trendline breaks
- Targets: 900, 700 nad 500.
What do you guys think?
As always, trade safe!
Comment:
For a Safe Entry, watch for a break of the red trendline and enter with stops above invalidation level
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