EthereumLong
Etherium target for the 1st wave
Hello everyone
There are two scenarios to consider
1) three waves 1-2 of different fractals
2) impulse in the form of a diagonal (shown on the chart).
As per scenario 2 my basic target for the full impulse in the larger wave 1 is around $420
As soon as price moves on, we will see what scenario is unfolding.
I think that as Bitcoin goes into correction (to my mind, it is already there before the higher high), a lot of traders will fix profits in btc and buy ETH and XRP, as they are at very attractive positions as from the standpoint of R/R, as well as from the large wave structure.
PS. Globally BTC is heading into the larger fifth wave (last wave of the impulse on the daily/weekly). XRP, on the other hand, is completing only the second wave of the same degree.
Good luck!
There are two scenarios to consider
1) three waves 1-2 of different fractals
2) impulse in the form of a diagonal (shown on the chart).
As per scenario 2 my basic target for the full impulse in the larger wave 1 is around $420
As soon as price moves on, we will see what scenario is unfolding.
I think that as Bitcoin goes into correction (to my mind, it is already there before the higher high), a lot of traders will fix profits in btc and buy ETH and XRP, as they are at very attractive positions as from the standpoint of R/R, as well as from the large wave structure.
PS. Globally BTC is heading into the larger fifth wave (last wave of the impulse on the daily/weekly). XRP, on the other hand, is completing only the second wave of the same degree.
Good luck!
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.