Ethereum - Bullish Gartley
Whats up traders, I hope you are all having a good weekend.
Want to start by congratulating anyone who followed by BTC/USD trading idea that I posted yesterday. We successfully got a 1300 move from the idea. I have also posted many other BTC/USD ideas recently that have all profited too. I recommend taking a look at my previous Crypto currency analysis to keep up to date.
Here we have ETH/BTC on the 2H chart.
Price has recently moving to the downside. Price recently tried to recover from a correction after a bullish impulse leg, but has stalled under bearish pressure at 0.040970. Since then price has been breaking down to the downside.
When it began breaking down, I began analyzing the ETH/USD chart, to find some good buy opportunities.
Upon analyzing Eth/USD on the 2H chart, I discovered there is a potential Bullish Gartley Pattern in play. As it stands, price looks like it has completed the C leg at 0.040970, and has began falling.
In order for this pattern to complete, we need to see a final down move to the D leg. Once we have a move to the D leg, the Gartley pattern completes and we will have a buy opportunity.
I am expecting a down move to continue from the completion of the C leg, down to the D leg at 0.03050. After this, I will be looking for the buy opportunities.
Want to start by congratulating anyone who followed by BTC/USD trading idea that I posted yesterday. We successfully got a 1300 move from the idea. I have also posted many other BTC/USD ideas recently that have all profited too. I recommend taking a look at my previous Crypto currency analysis to keep up to date.
Here we have ETH/BTC on the 2H chart.
Price has recently moving to the downside. Price recently tried to recover from a correction after a bullish impulse leg, but has stalled under bearish pressure at 0.040970. Since then price has been breaking down to the downside.
When it began breaking down, I began analyzing the ETH/USD chart, to find some good buy opportunities.
Upon analyzing Eth/USD on the 2H chart, I discovered there is a potential Bullish Gartley Pattern in play. As it stands, price looks like it has completed the C leg at 0.040970, and has began falling.
In order for this pattern to complete, we need to see a final down move to the D leg. Once we have a move to the D leg, the Gartley pattern completes and we will have a buy opportunity.
I am expecting a down move to continue from the completion of the C leg, down to the D leg at 0.03050. After this, I will be looking for the buy opportunities.
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