ETHUSDT
W1 - The price is trying to fix above the downward trend line; if the fixation is successful, the path to levels 2734 will be open - the 5th wave is realized on MN
D1 - The price is moving in an ascending channel, when the price is fixed behind the level of the trend line on W1, the best option is to wait for a retest to open purchases to continue the movement. Do not forget that the price is now in the overbought stage and there may be a correction of 1750; this scenario will occur after fixation (retest) behind the lower level of the daily channel.
What to expect now?
Waiting for the lower level of the 1868 channel to be broken. It will be possible to consider buying with a short risk on the idea. If the mid-level (1907) is broken, additional purchases can also be considered.
The nearest targets with this formation are 2140
Complete cancellation of the scenario of breakdown and retest of trend line D1.
Long
Targets 1933 - 1987 - 2028 - 2140
W1 - The price is trying to fix above the downward trend line; if the fixation is successful, the path to levels 2734 will be open - the 5th wave is realized on MN
D1 - The price is moving in an ascending channel, when the price is fixed behind the level of the trend line on W1, the best option is to wait for a retest to open purchases to continue the movement. Do not forget that the price is now in the overbought stage and there may be a correction of 1750; this scenario will occur after fixation (retest) behind the lower level of the daily channel.
What to expect now?
Waiting for the lower level of the 1868 channel to be broken. It will be possible to consider buying with a short risk on the idea. If the mid-level (1907) is broken, additional purchases can also be considered.
The nearest targets with this formation are 2140
Complete cancellation of the scenario of breakdown and retest of trend line D1.
Long
Targets 1933 - 1987 - 2028 - 2140
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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.