Hello friends, traders, everyone...
Ethereum is the turtle of the group! Took longer to complete the breakout, spent FOREVER in the buy zone. But, we saw a great move up in the past days after completing a 62% retracement. Now, we have measured here the new impulse wave and identified some more entries. Typically, I target the 127% and 162% extensions after a Fib retracement is completed. So, I will not enter here. I have annotated my anticipated entries on the new chart here on the right, and outline the previous "ideal trade" on the left to help better show where my thought process comes from here.
Keep an eye on Eth for these new entries. Because I anticipate more small correction still on Bitcoin, ETH should have no trouble entering these juicy buy zones below.
Good luck traders!
Previous Analyses:
Ethereum is the turtle of the group! Took longer to complete the breakout, spent FOREVER in the buy zone. But, we saw a great move up in the past days after completing a 62% retracement. Now, we have measured here the new impulse wave and identified some more entries. Typically, I target the 127% and 162% extensions after a Fib retracement is completed. So, I will not enter here. I have annotated my anticipated entries on the new chart here on the right, and outline the previous "ideal trade" on the left to help better show where my thought process comes from here.
Keep an eye on Eth for these new entries. Because I anticipate more small correction still on Bitcoin, ETH should have no trouble entering these juicy buy zones below.
Good luck traders!
Previous Analyses:
Note
hm, we may not get another opportunity to enter. I will continue to watch ETH as I am fat and happy on my bitcoin long now. Let's not FOMO =)Note
It seems vitalik has been doing his 5 daily push ups this week.Note
At this point it is pretty unlikely we will get to see those nice entries. For now, I will just keep an eye on eth.Note
Related publications
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.
Related publications
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.