Ethereum is showing us some really nice impulse and corrections and appears we are at the bottom of a correction now and ready for the next impulse.
Trade Idea: - Enter with stops below the 50 fibonacci (risk entry) - For confirmation, wait for the break of the red descending trendline (safe entry) - Target the recent highs as first target and then the -0.27 fibonacci as second target
Let us know what you think. Goodluck!
Note
Ethereum Update - We haven't got a break of the red descending trendline yet. Correction parameters have gotten bigger.
Waiting for the strong bullish move and break of trendline
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