ETH/USD can resume the uptrend after current pullback

Gregor Horvat Wavetraders

ETHUSD is following Bitcoin and it's waking up from projected support in the 4-hour chart after a completed A-B-C corrective decline about we talked in our past analysis here. With an impulsive recovery back above the channel resistance line and 1900 level for the first wave 1, seems like bulls are back, thus we expect more upside after current pullback in wave 2, which can be trading close to a support here at 1800-1850. Our view is unchanged as long as market trades above 1625 invalidaiton level.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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