The 6 years of advance of ETHUSD which terminated in Nov 2021 top is considered as the 1st wave (1), subsequently being retraced by the present a-b-c wave (2) correction which has already retraced nearly 80% 0f wave (1) and not yet complete.
This wave c of (2) is in the form of an expanding diagonal i-ii-iii-iv-v with wave ii and iv overlapping, pointing to the risk of the final wave v still declining towards a lower low near the 600s or even 500s.
The strategy is to set alert at bottom of minor b before setting up for longs for max. R/R
This wave c of (2) is in the form of an expanding diagonal i-ii-iii-iv-v with wave ii and iv overlapping, pointing to the risk of the final wave v still declining towards a lower low near the 600s or even 500s.
The strategy is to set alert at bottom of minor b before setting up for longs for max. R/R
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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.