FX.co ★ Trading tips for Ethereum

The pullback in Ethereum, which followed a very sharp growth early this week, left an area of seller liquidity at 1940.

So now, there is a three-wave pattern (ABC) where wave A represents the buying pressure from early this week. Traders can enter the market by opening long positions from the 50% retracement level, with stop-loss set at 1828. Exit the market by taking-profit upon the breakdown of 1940.

The trading idea was based on the "Price Action" and "Stop Hunting" methods.

Good luck and don't forget to control the risks! Have a nice day.