ETHUSD weekly timeframe Elliot wave analysis. Long!!

Nov 4, 2020

The new trend to the upside seems to have started for ETH against USD. Market structure has broken. The targets are represented as rectangles. Also a weekly double bottom at play. A break and close below 300 invalidates this. Also with ETH 2.0 it can see a substantial pump up soon. A good 6 RR swing trade. Not a financial advice. Hope it helps.

Nov 23, 2020

Trade active

The price have moved higher as expected from 400 region where the call was initiated. The formation of the 3rd wave is still in play and ends near 680-690 region.

Nov 23, 2020

Note

The first rectangle target has been breached to the upside, let the show run.

Jan 5, 2021

Note

All targets have been reached. A new idea coming soon. Let me know if you enjoyed this trade.