ETHUSD at crossed Road
Updated
Hi guys the Bull run has reached a serious level where we can call two sides of a coin.
First Scenario:
If the move is for correction then we will talk about ABC correction pattern which already achieved at 160.50$. Having in mind that this above scenario will implies a new low in coming with another completed 5 downward waves.
Second Scenario:
If the move stand for reversal this means we will have completed 5 waves 12345 where we are presently at wave 3 and we will have wave 4 down at exactly 61.8-78.6% fib level of the previous arms of wave 2-3.The plan for now will be to watch price action at 120$-123$, if we have good reversal candle here we should go long with target at 190$-200$
NOTE:
Anything below 107$ easily implies New Low alert.
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First Scenario:
If the move is for correction then we will talk about ABC correction pattern which already achieved at 160.50$. Having in mind that this above scenario will implies a new low in coming with another completed 5 downward waves.
Second Scenario:
If the move stand for reversal this means we will have completed 5 waves 12345 where we are presently at wave 3 and we will have wave 4 down at exactly 61.8-78.6% fib level of the previous arms of wave 2-3.The plan for now will be to watch price action at 120$-123$, if we have good reversal candle here we should go long with target at 190$-200$
NOTE:
Anything below 107$ easily implies New Low alert.
Join our discussion room for more about our trading ideas.
Please share your thougths about it and support my post with your LIKES.
Thanks
Trade active
Hello guys, the trade is going as expected so far, well our attention muct be placed on the critical level which guided between BEAR and the BULL.All eyes must be on 120-123$ level. A break below this level means we will go lower and if this level hold we will keep going up.
Trade active
Trade active
ETHUSD seems to be testing the support zone again, we must have something in mind if price manage to break down 120$ we may see lower range in the zone of 106-108$ to complete 61.8% fib retracement of the previous rally.Trade active
From our last update we talk about possible re-test of the support zone and price did test it and break down. We should expect more down to the region of 106-108$Note
New thread is open 
Do share your thougths about it and support my post with your LIKES.
Thanks
Trade active
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