Ethereum USD long opportunity

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My fellow traders,

The following has been observed:

  • rsi is showing a pattern

  • bullish divergence showing up

  • volume flow is steady in this area

  • second touch of trendline incoming in a triangle pattern (LH+HL)

  • elliot wave count at the 4 to the 5 of the 5

  • elliot wave fibonacci points 0,1504, 3.618 and 1.618 allign together (extremely technical since the drop by the way)

  • strong red support line



These factors combined give us a good long opportunity:

buy at 428 usd
sell at 640 usd

Everything might be a some dollars lower or a higher so keep track of the movement.

ps: I'm not a financial advisor so I'm not responsible for any wins or losses :)

Uwaga
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Be carefull (ladder wisely and only with a portion of ur equity). Stay safe and good luck everyone!
Uwaga
Better zoomed in we understand why math is great and gives some interesting indications

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Uwaga
Allways keep a good eye on different signals and crossexamine everything what you can find to better make an understanding of a movement. Now the last signal that is evidently also available on the graph are the frags and this is how this temporary spin can work out

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Uwaga
A random Iron balls box has been formed. Only for HodlyCrypots!

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Uwaga
here comes the boom
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Uwaga
Two paths have opened, both seem to predict lower points than where we are now, either up a little then down
or down
so selling here is wise, rebuy laddering same strategy when we go down

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Uwaga
Selling was wise and a good call as the chart shows, bought at the bottom, sold at the top, I will try to reladder the buy when it hits the previous target again or near it, expecting a bigger bounce this time as it consolidates hopefully the support

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Uwaga
Selling was definately a good call. Rebuy in at the last bottom or a few dollars under it. Ladder it and go back in because another upward movement is coming. We are trading sideways in a neutral zone (it confirms the support line). The target is set around 409-421 (409 is fib target).
Uwaga
stop all trades and take profits while you still can, we are going lower.
Chart PatternsTrend AnalysisWave Analysis

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