CRYPTO of the week: until it is not, well, it's not!
ETHUSD 1H EUROPE UPDATE - 10/05/2018
759.90 high failed to hold during Asia and ethusd is now shifting focus higher above 775.11 to put pressure on 832.37. As long as below this level, we can see a new leg to the downside to complete the correction of the cycle from 358.40.
A break above 832.37 from current level would create a bullish sequence in 4h and I would then buy any pullback in the form of a corrective 3 waves.
For now, let's not anticipate, preferred view is one more low around 650ish/.
If 691.99 is key in 1h, invalidation level to the upside is 358.40
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.
759.90 high failed to hold during Asia and ethusd is now shifting focus higher above 775.11 to put pressure on 832.37. As long as below this level, we can see a new leg to the downside to complete the correction of the cycle from 358.40.
A break above 832.37 from current level would create a bullish sequence in 4h and I would then buy any pullback in the form of a corrective 3 waves.
For now, let's not anticipate, preferred view is one more low around 650ish/.
If 691.99 is key in 1h, invalidation level to the upside is 358.40
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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