ETHXBT liftoff imminent
Updated
There is a wave 5 in the works. As illustrated in the graph the price failed to break the UML of a green schiff pitchfork and momentarily bounced off it. Might breach 0.036.
Note
Technically 1H bullish pennant followed by a symmetrical triangle completes wave 5. One thing to consider is that the ratio for wave 5 could be 1.618 X wave 1 or 2.618 X wave 1 as is known from research, and this fact alone sends the price to 0.04527 and 0.06027 respectively.Place shorts: 0.343-0.0347
Stop loss: 0.0357
Profit taking range: 0.03
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