In my opinion Ethereum is showing much more interesting potential setups than BTC. Today I am going to show you my trading plan for ETHUSDT. As you already know from my previous analysis I expect huge dump on Bitcoin and entire cryptomarket in the upcoming days.
Looking at the price chart I can conclude that ETH has finished it's corrective wave represented as a zigzag ABC. Now it's printing the impulsive wave 3. Wave 1 inside this wave has been already finished. I assumed this because we can see the reversal bullish squat bar at the very bottom. Now I am waiting for this bullish bar confirmation to open long trade with the target at 0.61 Fibonacci retracement, approximately at $1940. This trade is risky because it's trading on corretive waves, but I will take it.
From $1940 I expect the impulsive wave 3 which can reach even $1654. I am also going to catch this move.
Best regards, Ivan