ETHER - Bullish Move Expected
ETHER is Bullish on long term however Wave 1 is exhausted and a retracement to 50-61.8% Fib level is required to complete Wave 2 which should provide a potential buying opportunity.
We need to be mindful of strong dollar and end of year profit taking as the Wave 3 may take time to load. A break below the entry zone may void this analysis so please be watchful.
The "Risk !" label indicates zones where price reversal is possible. The higher the risk level (e.g., Risk !!!), the greater the likelihood of a potential reversal.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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