ETH Daily timeframe trade idea
ETHUSDTHello everyone, I took a look at the ETH daily chart. We are retesting the previous all time high from back in may atm. This could be a good buying zone to get some eth but I think it is possible we see another drop down back to 3800$ area and retest the uptrend support line this is where I will enter a trade. I'm looking to take some profits at around 5600$ area our uptrend resistance line. This would be in line with the Elliot wave theory and could be our point 5 point before a bigger correction.
Share your thoughts in the comments and follow me for more trade ideas
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.
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.