ETHER is Bullish on long term however Wave 1 is exhausted and a retracement to 50-61.8% Fib level is required to complete Wave 2 which should provide a potential buying opportunity.
We need to be mindful of strong dollar and end of year profit taking as the Wave 3 may take time to load. A break below the entry zone may void this analysis so please be watchful.
The "Risk !" label indicates zones where price reversal is possible. The higher the risk level (e.g., Risk !!!), the greater the likelihood of a potential reversal.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
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.