ETH I believe has just completed Wave "C" of this latest ABC corrective sequence and I now expect ETH to move higher. I added 4 ETH to my position at $501.00. I see ETH making now a move higher in a new "A" leg this time advancing to the above fib retracement = $546.00 +/- . Upon reaching $546.00 level +/- I then expect ETH to again pullback again prior to turning into a Bullish move looking for new all time highs later this spring / summer. Expect Bitcoin to also follow this pattern almost identically to ETH as all coins follow BTC, including ETH, a good rule to date to understand before investing in any of the cryptos.
I have set a stop limit protective order on the ETH purchased at $475.00 to limit any loss from a negative ETH move against my position to $25.00 per ETH. I will move this stop up to protect my profits if this trade goes as I projected.
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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.