IDEAS for ETH not trading ADVICE!! please use proper risk management and stick to your analysis
Sharing this for anyone who can short ETH or are trying to find the best places to buy before the reverse......
sentiment is bearish.. testing the .618 fib right now.. if we get a full break under .618 in the next 2 hours I’m gonna enter the short and hold through the week..
if it bounces back up I’m looking to short on the down trend line for a hard push down to 1400 ish.. (Eliot wave in the day confirms this currently in wave 4) Once it taps 1400 Eliot will push back up too 2500 range or higher in wave 5... ETH isn’t ready to move back up yet.. but it will moon soon..
For long term if it crosses and breaks the downtrend line look for a push up to 3,500 corrective retesting and a push pass all time high (by end of year)
Sharing this for anyone who can short ETH or are trying to find the best places to buy before the reverse......
sentiment is bearish.. testing the .618 fib right now.. if we get a full break under .618 in the next 2 hours I’m gonna enter the short and hold through the week..
if it bounces back up I’m looking to short on the down trend line for a hard push down to 1400 ish.. (Eliot wave in the day confirms this currently in wave 4) Once it taps 1400 Eliot will push back up too 2500 range or higher in wave 5... ETH isn’t ready to move back up yet.. but it will moon soon..
For long term if it crosses and breaks the downtrend line look for a push up to 3,500 corrective retesting and a push pass all time high (by end of year)