A great long term buy opportunity is coming up. I think Ethereum is in a wave 2 WXY correction right now with the Y wave soon to be complete. As you should know wave 3 is usually the strongest impulse up in the 5 wave structure. Price will likely hit at least $500 I think. If you look on the Daily RSI, bullish divergence is starting to show up. Ethereum is at the end of a falling wedge pattern which is going to be testing the ascending triangle formation back in early 2019. This is the final drop to $155-$170 area before the continuation to the upside.
Ladder buy: $155-$170
Ladder buy: $155-$170
Note
It's in top of buy zone
Note
Note
Eth broke out of falling wedge. The next big area of resistance is the 21 weekly moving average. If the price can punch through that area and hold Eth will be going on a run past previous local high of $350
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.
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.