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Doppelsoldner_S

ETH 6.59 Risk-Reward Ratio Long to Achieve 3-3 Impulse

Long
Ethereum (COINBASE:ETHUSD)  
Doppelsoldner_S  
COINBASE:ETHUSD   Ethereum
Wave Analysis
3
0
waveanalysis
  • Target price: $5,100
  • Stop-loss price: $3,400
  • Risk-reward ratio: 6.59:1

After finishing the 3-2 correction, Ethereum is currently in the middle of a mini 2nd wave correction.

1. 3-3 Impulse will be a substantial increase, proceeding for $5,100 3-3 Impulse target.
2. It experienced a semi-excessive Fibonacci retracement to its first wave of 0.5.
3. The range of stop loss is minimal (-2.5%).

Therefore, medium to high leveraged long is possible.
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