I updated plan of the wave levels for ETH.
In general, as before, I expect the price decrease within the wave 5 of wave C(of ABC pattern in medium-term wave 4).
Locally, the price is probably still in a correction, after which we can expect a renewal of the high, which can be broken by the market-maker on stop-losses for shorts.
I also plan to open a short position at the end of the upward move.
I had to close the previous short position at breakeven level, because the price did not confirm the downside dynamics.
Best Regards,
CEO Tornado Capital
In general, as before, I expect the price decrease within the wave 5 of wave C(of ABC pattern in medium-term wave 4).
Locally, the price is probably still in a correction, after which we can expect a renewal of the high, which can be broken by the market-maker on stop-losses for shorts.
I also plan to open a short position at the end of the upward move.
I had to close the previous short position at breakeven level, because the price did not confirm the downside dynamics.
Best Regards,
CEO Tornado Capital
Note
A more accurate count of the local waves for the current wave 4
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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.