✅ PREVIOUSLY ON ETH
The price has formed 012345 waves from 1700 to 4027, then dropped to 3005
✅ WHERE WE ARE ATM
It's a little bit difficult to think what number 3005 can be, A(still bearish) or 0(the beginning of the bullish impulse).
So I made 2 scenarios.
✅SCENARIO 1(still bearish)
If 3005 is A, Fib61.8(2589) can be the target.
✅SCENARIO 2(already bullish)
If 3005 is 0, it's the beginning of the bullish impulse.
It's sort of late to take a long position at the moment. My motto is to take a long position as low as possible.
So if 3005 is broken, I'd consider taking a long position at Fib61.8(2589).
So I'd choose scenario 2.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
PLEASE DO NOT FORGET TO SMASH LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
The price has formed 012345 waves from 1700 to 4027, then dropped to 3005
✅ WHERE WE ARE ATM
It's a little bit difficult to think what number 3005 can be, A(still bearish) or 0(the beginning of the bullish impulse).
So I made 2 scenarios.
✅SCENARIO 1(still bearish)
If 3005 is A, Fib61.8(2589) can be the target.
✅SCENARIO 2(already bullish)
If 3005 is 0, it's the beginning of the bullish impulse.
It's sort of late to take a long position at the moment. My motto is to take a long position as low as possible.
So if 3005 is broken, I'd consider taking a long position at Fib61.8(2589).
So I'd choose scenario 2.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
PLEASE DO NOT FORGET TO SMASH LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
Comment:
I meant I'd choose scenario 1*
