Good entry at 10350 USD / or breakout
Aim for Target Profit of 11200 USD
Stop loss 10300
Caution note: after Target profit hit is will be attractive Risk to reward ratio to short BTC for the final pull back of wave C down to 8000-9000 range.
This will be potentially last time before we will go up rapidly
Time frame: This will likely happen in late September...
Whole crypto spare can see more possible downside. However it will be a very good opportunity for long term entry to catch the next rally.
BUY ZONE for ETHUSD will be around 125-140
Entry condition should be waiting for smaller timeframe reversal and RSI bullish divergence
I will keep update on the chart
Wave V target usually from range 1 - 1.68 fibo ratio of original wave I, Go long on reversal candle with smaller timeframe
Target for wave B will be 10500 - 11000 range
Similar to ETH and BTC in my other post, LTC is undergo the same situation with downside risk as cryptospace gravitated downward. The fibonacci time horizon showed that the end of correction phase would be around mid September. This will provide a very good opportunity for long term entry as depicted on green Buy Zone. Now we just have to play a waiting game for...
