Similarly to Bitcoin, Ethereum is approaching a critical zone where we'll be looking to buy.
We require the current wave to move lower than the 3rd wave completion (900) for it to be a valid wave 5. However, in the rare (very rare) cases, it may be a truncated wave 5 where wave 5 doesn't create a lower low.
Trade Idea:
- Watch for price to move below 900
- Once we're below 900, watch for bullish reversal signs such as trendline breaks, BOS
- The invalidation level is 350. The closer we get to 350, the smaller SL we'll be able to use
- Targets: 4500, 5600, Manual exit rest of position
Goodluck and as always, trade safe!
We require the current wave to move lower than the 3rd wave completion (900) for it to be a valid wave 5. However, in the rare (very rare) cases, it may be a truncated wave 5 where wave 5 doesn't create a lower low.
Trade Idea:
- Watch for price to move below 900
- Once we're below 900, watch for bullish reversal signs such as trendline breaks, BOS
- The invalidation level is 350. The closer we get to 350, the smaller SL we'll be able to use
- Targets: 4500, 5600, Manual exit rest of position
Goodluck and as always, trade safe!
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Crypto VIP: t.me/CryptoWickBot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Crypto VIP: t.me/CryptoWickBot
