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Tuesday, October 11, 2022

ETHEREUM - Further downside ⬇️

ETHEREUM - Further downside ⬇️

Ethereum / U.S. dollar BITSTAMP:ETHUSD

Scenario 1.
We are in wave 5 and we will continue this downtrend back down to the $800 region possibly lower.

Scenario 2.
We are actually in a ABC correction of wave 4 and we will push higher to the low-mid
$2000 region before seeing the further move down

We can play both sides and hedge by looking for opportunities to go long on the LTF's, but for now i am only
looking for sells from the Daily Supply OB

Keep an open mind when trading, don't get stuck to one bias.... TRADE WHAT YOU SEE :)

Weekly & Monthly charts below

from TradingView Ideas

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