CRYPTO of the week ETHUSD still not selling - still not buying

Ethusd is following the path and has now reached equal leg where first buyers should appear for at least a 3 waves bounce. If you buy, stop should be below 656.11 but remember that invalidation level to the upside is 358.40, so calculate your risk and do not open the stop. If stopped out, you can buy the next leg lower purple 2.
I don't like to buy here neither to sell, so I'll stay sidelined for now.


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

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Kommentera:

bounce in progress. If long from 707.63, still early to go break even, would start protect position when we reached 770ish.

Kommentera:

Away for 2 days with limited access to charts. But hey, ethusd pretty much follows the path!
Longs from 707ish should be risk free already. Nice
So, now new low or not... Market will tell

Kommentera:

775.xx should hold for another leg lower as per chart.
Long from 707 should stay in with risk free trade. If we go lower, then buy again.
Back later at the screen and will update levels.
Still dont like to short from here...