TradingClear

ETHUSD - Overview on Daily Timeframe and Potential Wave count

BITSTAMP:ETHUSD   Ethereum / Dollar
Ethereum             ( COINBASE:ETHUSD             ) seems to be in the process of completing a 5th impulsive wave. In detail, we believe that wave 5 is incomplete as the buying momentum is still in place, and divergence hasn't built up strongly enough.
There is, in consequence, a potential for a small pullback to the downside which would be just part of wave 5 extension.

For the time being, therefore, on this pair we will monitor the completion of the aforementioned 5th wave, and, once completed, we will analyze price structure for potential sell setups in the coming medium term downside correction that will consequently follow wave 5.

In relation to cryptocurrencies, let us remind all traders that any attempt of forecasting based on wave and structural analysis has to be taken very conservatively, as these financial instruments could not have been traded in the markets for a long enough time to consolidate their structure and make a valid projection possible.

If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.

Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).

Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.

Thank you for viewing.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden