ETHEREUM:
What a ride. The last couple of days we've seen tremendous volatility, loads of panic selling, and (almost
DASHUSD) everything was bleeding. Now, after rain comes sunshine and after pain comes ease.
It doesn't always have to be hard:
ETHUSD has corrected lower than the 0.618 and almost hit the 0.382, which is a very good sign. Next, ETHUSD is very oversold, I think the correction is coming to and end, at least today. The thing I'm not certain about is if the ABC correction has ended, or not.
Setup:
#ThisIsNotFinancialAdvice.
What a ride. The last couple of days we've seen tremendous volatility, loads of panic selling, and (almost
DASHUSD) everything was bleeding. Now, after rain comes sunshine and after pain comes ease. It doesn't always have to be hard:
ETHUSD has corrected lower than the 0.618 and almost hit the 0.382, which is a very good sign. Next, ETHUSD is very oversold, I think the correction is coming to and end, at least today. The thing I'm not certain about is if the ABC correction has ended, or not. Setup:
- Buy limit: 410 USD/ETH (hehe)
- Stop loss: 370 USD/ETH
- Target: 580 USD/ETH
#ThisIsNotFinancialAdvice.
Note
I'd also keep an eye on this trend line. Be careful on stepping in when lower lows and lower highs are still being formed.
Note
If it breaks the 0.618 fib level, 445USD zone, that might be a trend reversal.
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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.
Disclaimer
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.