Hello, traders!
I stumbled upon this POLONIEX:ETHUSDT pattern thanks to DLavrov's idea:
As (quite unfortunately!) my platform is not offering cryptocurrencies trading, I'm usually not checking them, but this setup definitely captured my attention.
Perfectly shaped wave almost reached point 5 now. If the resistance around this level stands, I would expect it...
Back with an example of key support and resistance levels on the H4 chart - Fibonacci retrace levels share strong confluence with pre-drawn S/R lines - Stops at 61.8% level with hopefully a smooth ride down staying within the tend line.
Good luck trading!