Hello fellow Crypto lovers!
Possible nice set up for a long of ETH here. There looks to be a nice area of support found for ETH in the current range. While trying to see a wave pattern today I noticed that this move so far in 2020 would fit nicely into a 5 wave structure with this support area we are in now (supported by local trend line) being the end of wave 4. I entered into positions from $225-230 and will be looking for the 5th wave to take us to the targets listed on the chart. Last years move took ETH price to the 1.0 Fib extension of the 3rd wave, so that is where I'll be selling the remainder of the postion and re-evaluating. If it works out there will be juicy profits....very juicy..
If the black trend line is broken then I'll be out and have to re-think the strategy. But it looks well positioned to me. Hope this picture is clear for anyone else evaluating ETH currently.
Best of luck! May your Crypto trades be bathed in juicy profits!
-Crypto Juicer
Possible nice set up for a long of ETH here. There looks to be a nice area of support found for ETH in the current range. While trying to see a wave pattern today I noticed that this move so far in 2020 would fit nicely into a 5 wave structure with this support area we are in now (supported by local trend line) being the end of wave 4. I entered into positions from $225-230 and will be looking for the 5th wave to take us to the targets listed on the chart. Last years move took ETH price to the 1.0 Fib extension of the 3rd wave, so that is where I'll be selling the remainder of the postion and re-evaluating. If it works out there will be juicy profits....very juicy..
If the black trend line is broken then I'll be out and have to re-think the strategy. But it looks well positioned to me. Hope this picture is clear for anyone else evaluating ETH currently.
Best of luck! May your Crypto trades be bathed in juicy profits!
-Crypto Juicer