ETH Daily timeframe trade idea

ETHUSDT

Hello everyone, I took a look at the ETH daily chart. We are retesting the previous all time high from back in may atm. This could be a good buying zone to get some eth but I think it is possible we see another drop down back to 3800$ area and retest the uptrend support line this is where I will enter a trade. I'm looking to take some profits at around 5600$ area our uptrend resistance line. This would be in line with the Elliot wave theory and could be our point 5 point before a bigger correction.

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