Dear Traders,
Here I display a verified count using fibonacci ratio's and projections on ETH.
As we can observe, it is likely that ETH is going to follow BTC pattern. Which is forming an running/expanding flat.
this is one of the most sophisticated bull traps in trading. the RSI doesn't look powerfull and the volume indicator doesn't suggest a wave 5 is incoming.
This means that we probably moving in a corretive wave since previous top.
My idea is to short, around the 100% levels, with a hard stop to the 130% level of the wave A!
Wish you all the best of trading.
Best regards
AppY-Crypto
Here I display a verified count using fibonacci ratio's and projections on ETH.
As we can observe, it is likely that ETH is going to follow BTC pattern. Which is forming an running/expanding flat.
this is one of the most sophisticated bull traps in trading. the RSI doesn't look powerfull and the volume indicator doesn't suggest a wave 5 is incoming.
This means that we probably moving in a corretive wave since previous top.
My idea is to short, around the 100% levels, with a hard stop to the 130% level of the wave A!
Wish you all the best of trading.
Best regards
AppY-Crypto
Follow my Daily Crypto livestreams on Twitch;
twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
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.
Follow my Daily Crypto livestreams on Twitch;
twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
twitch.tv/appycrypto
Please go to Clockstoken.io for more information regarding our crypto investment fund
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.