EthereumLong
ETHUSD - Change of plan !
Updated
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.
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