ETHUSD completed its correction from 14/01/2018 high at 565.53 and recovered in a 3 waves bounce to 983.31 high. It then corrected in 7 swings (double correction) to 640.55. In 4h chart, the equal leg area from 18/02/2018 high cycle is 699.69-6563.36 (stop 578.37).
Since 759 high, we have a double correction with equal leg area coming at 653.18-632.53 extending 599.09 for a long position.
As long as above 565.53, I expect ETHUSD higher to regina 750.00 and 983.31 for a bullish sequence.
Since 759 high, we have a double correction with equal leg area coming at 653.18-632.53 extending 599.09 for a long position.
As long as above 565.53, I expect ETHUSD higher to regina 750.00 and 983.31 for a bullish sequence.
Trade closed: stop reached:
640.55 failed to hold, so I'm going bearish here. We will probably have a bounce soon but have to redo the count to see what is next.
