ETH long
Updated
So, we see a 4 grand waves, with their subwaves I've highlighted on top of the candles. Below I've highlighted the grandwaves with their respective retracements.
We're currently in a descending wedge which is slowly entering the golden fib zone for the entire impulse move upwards from $80.
$108-112 is where I will be longing with a stop loss at $104, targeting $130,135,142, giving me a RR of around 3:1.
It may be possible to see a final wave taking us to that blue box at around $175, but this is dependent on BTC , and also with the stock market which has been undergoing serious correction in the last few days in particular.
We're currently in a descending wedge which is slowly entering the golden fib zone for the entire impulse move upwards from $80.
$108-112 is where I will be longing with a stop loss at $104, targeting $130,135,142, giving me a RR of around 3:1.
It may be possible to see a final wave taking us to that blue box at around $175, but this is dependent on BTC , and also with the stock market which has been undergoing serious correction in the last few days in particular.
Comment
Well... 45 minutes after the chart is posted and the first two targets are hitComment
All targets achieved, now to see whether we hit the $175 mark for the final and fifthDisclaimer
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