ETH 6.59 Risk-Reward Ratio Long to Achieve 3-3 Impulse

9 Nis

• Target price: $5,100
  
• Stop-loss price: $3,400
  
• Risk-reward ratio: 6.59:1
  

After finishing the 3-2 correction, Ethereum is currently in the middle of a mini 2nd wave correction.

1. 3-3 Impulse will be a substantial increase, proceeding for $5,100 3-3 Impulse target.
2. It experienced a semi-excessive Fibonacci retracement to its first wave of 0.5.
3. The range of stop loss is minimal (-2.5%).

Therefore, medium to high leveraged long is possible.