Ethereum - Starting final wave to 6000 USD! (+140%)
Updated
Ethereum is still consolidating, but this will change in the next few days! On the chart, we can clearly see an ascending channel, and the price is currently near its support, which gives us an excellent opportunity to buy it with a very high risk-to-reward ratio! You can simply put our stop loss below the previous major swing low or below the trendline.
From the Elliott Wave perspective, Ethereum is in a valid impulse wave. There are no overlaps between waves (1) and (4), and the price is starting a final impulse wave (5). Usually, as an Elliott Wave trader, you want to buy slightly above the support line of the end of wave (1). The price is also forming a symmetrical triangle, so expect a massive breakout in the short term.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
From the Elliott Wave perspective, Ethereum is in a valid impulse wave. There are no overlaps between waves (1) and (4), and the price is starting a final impulse wave (5). Usually, as an Elliott Wave trader, you want to buy slightly above the support line of the end of wave (1). The price is also forming a symmetrical triangle, so expect a massive breakout in the short term.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Trade active
Currently, the middle of the triangle provides a very solid risk-to-reward ratio. Buy now, target around 6k.Trade closed manually
You can still buy now, but it looks like we will go sideways for another weeks. It may be a better idea to allocate your money to something else for now.
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