ETHCAD in Triangle Wave, Entry near 320 CAD
Hello Traders,
In the early half of 2017, a bullish 5 Wave took ETH to all-time high of 587 CAD on 2017-06-12.
Since then, ETHCAD is trapped inside a triangle consolidation. This type of consolidation is usually a continuation pattern, so we may get a new high in 3~6 month.
As the triangle narrows, the next bottom for ETH would be near 320~290 CAD. It will be substantially higher than 250 CAD on 2017-09-15, but this is what you pay for more certainty.
PS. I do analysis in ETHCAD because (1) I trade in CAD $ (2) USD $ has been volatile lately, ETHCAD gives a cleaner picture.
If you like my analysis, please mouse over "larry47" above and click FOLLOW.
Happy Trading
-- Larry47
In the early half of 2017, a bullish 5 Wave took ETH to all-time high of 587 CAD on 2017-06-12.
Since then, ETHCAD is trapped inside a triangle consolidation. This type of consolidation is usually a continuation pattern, so we may get a new high in 3~6 month.
As the triangle narrows, the next bottom for ETH would be near 320~290 CAD. It will be substantially higher than 250 CAD on 2017-09-15, but this is what you pay for more certainty.
PS. I do analysis in ETHCAD because (1) I trade in CAD $ (2) USD $ has been volatile lately, ETHCAD gives a cleaner picture.
If you like my analysis, please mouse over "larry47" above and click FOLLOW.
Happy Trading
-- Larry47
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.