I'm not proposing any trade setup as I have been stopped out on previous idea, so I'll hop in when confirmation. But as I said I will reassess after the break of 565.00.
So, while I cannot rule out a new low from current level (still 5 waves down in the FLAT from 02/02/2018), I will monitor as we reached the daily equal leg area from 14/01/2018 high cycle and the 4h equal leg area from 28/01/2018 high cycle as well at resp. 583.65-428.75 and 474.31-354.19.
Will keep you posted on the evolution for a setup.
So, while I cannot rule out a new low from current level (still 5 waves down in the FLAT from 02/02/2018), I will monitor as we reached the daily equal leg area from 14/01/2018 high cycle and the 4h equal leg area from 28/01/2018 high cycle as well at resp. 583.65-428.75 and 474.31-354.19.
Will keep you posted on the evolution for a setup.
Comment:
ETHUSD is heavy. altcoin is in the turning zone here or lower, count can be adjustedas per chart. Not the best configuration to take a trade here. Other instruments are clearer.
