Redimere_91

ETHUSD (Daily w/ detailed outlook)

Short
COINBASE:ETHUSD   Ethereum
Looks like price broke out the downtrend after the consolidation range between around Jun 19th - mid July. This started an impulse to the upside. However, we may be at the end of it with a 5 motive wave count ending with an "abc" wave at this current price where there is clear signs on a new range being made. We also have located a sign of weakness at this current level (where the arrows are at) with two straight bearish candles matched with two bullish volume candles below (where the arrows are at). I would love to see a breakout to the bottom side. Since this is a corrective state, I would expect the next move to be impulse. We have our stop loss set at the top of the wave 5 in case price breaks above this consolidation zone in case price wants to create another impulsive wave to the upside which I doubt will happen at this stage of the economy. I have target set at different level as we plan on dog walking this trade down and keeping our eyes on each consolidation stage. We will exit trade once price breaks out of a correction to the upside just to be safe. Let's see what happens! Not advice! Let's keep grinding!

Honestly, I quit my job a few months ago to take this serious. I know this is meant for me. Started this journey 2018 (check my first chart and see the difference) countless hours and sacrifice just like you! It's not about the money more than it is an art style and a way to create your own time schedule. I plan on getting better and helping out communities once I really grow this account. I appreciate the love and support. Are you dying to live too?

Been getting a lot of love lately and just want to show appreciation to the TV community. Let's keep getting better and continue to support other chart artists!
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