In my previous series of ETH updates, I expected ETH to reach 300 and a bounce towards 280-270.
Next move up, I expected a target of 415 which wasn't reached, but from 280 to 394 was still a nice move.
I have made a new chart, which gave me some new insights and fresh look.
I'm expecting that present correction will retrace some more and once we reacht (4), we could make a massive ride towards (5) which is (for now) determined at 550!
Tradingadvice: wait for the further correction. Once we're closing in on (4) and the trendline, we can start watching the pricaction on a lower timeframe to catch a bullish candle.
I will update on lower timeframe.
Next move up, I expected a target of 415 which wasn't reached, but from 280 to 394 was still a nice move.
I have made a new chart, which gave me some new insights and fresh look.
I'm expecting that present correction will retrace some more and once we reacht (4), we could make a massive ride towards (5) which is (for now) determined at 550!
Tradingadvice: wait for the further correction. Once we're closing in on (4) and the trendline, we can start watching the pricaction on a lower timeframe to catch a bullish candle.
I will update on lower timeframe.
Note
Current ABC correction on a lower timeframe Note
Forgot to update here, but this was my chart yesterday.It feels to me, we might visit the blue box a bit more
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Related publications
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.