ETH I believe has just completed Wave "C" of this latest ABC corrective sequence and I now expect ETH to move higher. I added 4 ETH to my position at $501.00. I see ETH making now a move higher in a new "A" leg this time advancing to the above fib retracement = $546.00 +/- . Upon reaching $546.00 level +/- I then expect ETH to again pullback again prior to turning into a Bullish move looking for new all time highs later this spring / summer. Expect Bitcoin to also follow this pattern almost identically to ETH as all coins follow BTC, including ETH, a good rule to date to understand before investing in any of the cryptos.
I have set a stop limit protective order on the ETH purchased at $475.00 to limit any loss from a negative ETH move against my position to $25.00 per ETH. I will move this stop up to protect my profits if this trade goes as I projected.
Good Luck.
I have set a stop limit protective order on the ETH purchased at $475.00 to limit any loss from a negative ETH move against my position to $25.00 per ETH. I will move this stop up to protect my profits if this trade goes as I projected.
Good Luck.