ETHUSD 1H ASIA UPDATE - 07/05/2018
Cycle from 01/05/2018 low is called completed at 832.37 as the 5th wave of a motive structure from 358.40 low. The sequence from 832.37 high has ended at 749.00 and bounce should reach 806.23-815.49 but stall below 832.37 for another leg to the downside.
I don't like to sell as the 1h is bullish and I would only buy lower at purple 2 if reached.
Please note that the depth of purple 2 is not representative for now and only show the structure and path price should follow for me to buy lower.
View will be denied if new high from here WITH RSI divergence in 4h denied.
Invalidation level to the upside is 358.40
Invalidation level to the downside is 832.37
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.
Cycle from 01/05/2018 low is called completed at 832.37 as the 5th wave of a motive structure from 358.40 low. The sequence from 832.37 high has ended at 749.00 and bounce should reach 806.23-815.49 but stall below 832.37 for another leg to the downside.
I don't like to sell as the 1h is bullish and I would only buy lower at purple 2 if reached.
Please note that the depth of purple 2 is not representative for now and only show the structure and path price should follow for me to buy lower.
View will be denied if new high from here WITH RSI divergence in 4h denied.
Invalidation level to the upside is 358.40
Invalidation level to the downside is 832.37
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.
Kommentera:
quick look at it in 15min
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chart update here
