Pretty straight, clean and simple set up.
ETH is making a wild cycle up. just did 1st and 2nd leg. 2nd leg was correction and price broke already to the upside.
After a breakout, 9/10 a smaller correction follows and sort of retesting the trendline.
Wait for this pullback to hit the blue box, if you see some strong bullish price action you can enter the trade for a nice move up.
Targets determined with Fibonacci Extensions.
Happy trading!
ETH is making a wild cycle up. just did 1st and 2nd leg. 2nd leg was correction and price broke already to the upside.
After a breakout, 9/10 a smaller correction follows and sort of retesting the trendline.
Wait for this pullback to hit the blue box, if you see some strong bullish price action you can enter the trade for a nice move up.
Targets determined with Fibonacci Extensions.
Happy trading!
Lets see if it starts a correction and where we can place 4 to determine 5