ETHUSD - Change of plan !
Emergency update on Ethereum! 
ETHUSD
In the past weeks i expected a corrective wave 2 which should have brought us to prices under 280$.
Obviously this didn't happen and the price moved upwards for the past days.
I spotted a possible impulse structure and expect that we just completed wave 2 and already started the wave 3.
The chance/risk ratio is nearly 3.5 and a long entry is possible, upwards there is a potential of +33%!
Please manage your risk especially when you are trading crypto assets, never risk more than 1% of your capital on one bet.
Current setup:
Entry: 408.63$
Profit target: 544$
Stop-Loss: 368.76$
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
ETHUSDIn the past weeks i expected a corrective wave 2 which should have brought us to prices under 280$.
Obviously this didn't happen and the price moved upwards for the past days.
I spotted a possible impulse structure and expect that we just completed wave 2 and already started the wave 3.
The chance/risk ratio is nearly 3.5 and a long entry is possible, upwards there is a potential of +33%!
Please manage your risk especially when you are trading crypto assets, never risk more than 1% of your capital on one bet.
Current setup:
Entry: 408.63$
Profit target: 544$
Stop-Loss: 368.76$
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
Trade active
Trade is open as described!Trade active
STOP LOSS TO 397.9$ !!!Upward movement is very solid and i dont want to risk making a loss on this position.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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.