Short

Bearish Gartley Alternative - ETHUSD

Updated

Here is an alternative harmonic that could be playing out for ETHUSD. This would have our target be around $1,250-$1,300, which is another level I was targeting yesterday. Then downwards to the 0.618, 1.272 and 1.618 of the AD leg, etc.

*THIS IS NOT TRADING ADVICE*

Trade active

Looking good. Watch for resistance to come in as we approach $1,250 and $1,300.

Trade active

First target reached.

Trade active

Stay the course.

Trade closed: target reached

Late update (been moving), target hit beautifully. 1.618 target still possible.

Also on:

Related publications

ETH may look for 78.6%-100% retrace in coming days

ETH Potential Bearish Butterfly

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.