After a strong bullish trend there is always to expect a corrective price action (flag, triangle, flat or other complex pattern). 
ETHUSD is heading lower towards 500$. Current price is probably moving in wave (ii) of wave C.
ETHUSD is heading lower towards 500$. Current price is probably moving in wave (ii) of wave C. Note
ETHUSD had some bulls today ... I'm still seeing it bearish on a higher timeframe. If the resistance on 1100$ does not hold, we could see 1300$. While it's under 1100$ I'm bearish.Updated count on:
Trade active
Price reached my entry point at 1100$. Stopping at 1157$, closing at 510$. Happy trading ;)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.