CRYPTO of the week ETHUSD one last push and we are there
Ethusd ended the sequence from 775.11 high and while below 832.37, we should see more downside towards 634.73-601.60 but we must see break of 691.99 as 775.11 holds.
Now, the cycle from 832.37 high that ended at 691.99 is a corrective 3 waves down and could be enough.
I don't like to sell here and will join buyers lower for a at least 3 waves bounce or higher. Difficult to buy current levels, it was 707ish or nothing.
Invalidation level to the upside is 358.40
Invalidation level to the downside is 832.37
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 06/05/2018-12/05/2018, I propose ETHUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Now, the cycle from 832.37 high that ended at 691.99 is a corrective 3 waves down and could be enough.
I don't like to sell here and will join buyers lower for a at least 3 waves bounce or higher. Difficult to buy current levels, it was 707ish or nothing.
Invalidation level to the upside is 358.40
Invalidation level to the downside is 832.37
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 06/05/2018-12/05/2018, I propose ETHUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
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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.