Ethereum
Ethereum dipped to $3,530 Low on Thursday May 13th 2021 and rejected that price zone forming a temporary support to a high of $4157 which fall short of the initial All Time High (ATH) $4,360 and went to a low of $3,800 where it currently rejects.
We seem to be in an overall bullish market with a sideways correction forming for further uptrend (possibly 3 waves) to retest the previous ATH or further break it.
Being a sideways correction, it is ideal to see price still making a 3rd retracement of the $3,500 price zone before setting up for higher price zones.
Action Plan
BUY PLAN
BUY #ETHUSD @ 3860
Stop Loss Area : $3650 or Lower
Target Price 1: $4073.97 => Risk: 4.% Potential Returns 85%
Target Price 2: $4190.18 => Risk: 4.% Potential Returns 143%
Target Price TP3: $4336.06 => Risk: 4.% Potential Returns 220%
Average R/R(2.05)
Remember to ALWAYS Manage Your Money Well
Ethereum dipped to $3,530 Low on Thursday May 13th 2021 and rejected that price zone forming a temporary support to a high of $4157 which fall short of the initial All Time High (ATH) $4,360 and went to a low of $3,800 where it currently rejects.
We seem to be in an overall bullish market with a sideways correction forming for further uptrend (possibly 3 waves) to retest the previous ATH or further break it.
Being a sideways correction, it is ideal to see price still making a 3rd retracement of the $3,500 price zone before setting up for higher price zones.
Action Plan
BUY PLAN
BUY #ETHUSD @ 3860
Stop Loss Area : $3650 or Lower
Target Price 1: $4073.97 => Risk: 4.% Potential Returns 85%
Target Price 2: $4190.18 => Risk: 4.% Potential Returns 143%
Target Price TP3: $4336.06 => Risk: 4.% Potential Returns 220%
Average R/R(2.05)
Remember to ALWAYS Manage Your Money Well
