ETHEUR trade ideas
Expect ETHEUR to break high and run for 750 nextI expect some kind of retrace.
Not sure how far.
According to technical analysis it should hit the 460 level. Possibly with a quick spike.
If you want a nice ride, put it a buylimit-order at 475.
If you don't want to miss the ride to 750 put a buylimit order at 575, but you might have to endure some drawdown before the move up.
Or you can wait for the retrace and then put a buystop-order at that same level (575).
ETHEURAfter a complex correction and setup of the first Elliot wave, Ethereum is now ready for the last push up in the third wave, moving up to fib 1.618 and 1.786
Lower thick red line is Fib 0.5 retracement of first wave.
Upper thick red line is Fib 0.382 retracement which is often the case for third wave retracement.
NOTE; third wave of third wave, so the one to come is fifth wave in the third wave
Sell target 1; 644
Sell target 2; 672
Happy trading
ETH did what we expected!Yesterday ETH did what we expected and broke all resistance in it's way. For now I don't suggest any long position and now we should wait for another consolidation to find out a safe entry.
And for those who are in they should follow the price and move there stop loss to their entry.