ETHUSD - Less risk and 14% profit
After a solid upwards movement in the past days it's time to publish an analysis on ethereum. 
ETHUSD
I am sure that everybody remembers my past analysis (11.5.2020) on ethereum in which i announced a long entry.
The traders who followed my advice can already enjoy a gain of 14%, be aware that i already decreased my stop-loss to 397.9! (Past 368.76$)
In the next weeks i expect ethereum to reach prices above 500$ and it's very likely that we reach our profit target at 540$.
The chart will unfold in a classic 1-2-3-4-5 wave structure, however a risk on the downside still exists.
If ethereum should break below 436$ and 397$ we will correct very likely to prices below 250$. However the RSI is looking good and we still have some space upwards.
Keep in mind that ethereum forms a solid 1-2 in the long run, so don't be nervous about future price movements.
Current setup:
Entry: 408.63$
Profit target: 544$
Stop-Loss: 397.9$
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
ETHUSDI am sure that everybody remembers my past analysis (11.5.2020) on ethereum in which i announced a long entry.
The traders who followed my advice can already enjoy a gain of 14%, be aware that i already decreased my stop-loss to 397.9! (Past 368.76$)
In the next weeks i expect ethereum to reach prices above 500$ and it's very likely that we reach our profit target at 540$.
The chart will unfold in a classic 1-2-3-4-5 wave structure, however a risk on the downside still exists.
If ethereum should break below 436$ and 397$ we will correct very likely to prices below 250$. However the RSI is looking good and we still have some space upwards.
Keep in mind that ethereum forms a solid 1-2 in the long run, so don't be nervous about future price movements.
Current setup:
Entry: 408.63$
Profit target: 544$
Stop-Loss: 397.9$
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
Trade ativo
Trade still active since 11.5.2020 !
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.