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Look for a buy position now

10 July 2018, ETH

Look for a buy position now

Wave Analysis

After breaking above the upper trend line acting as resistance to the falling channel formation, Ethereum rallied slightly higher, but has now pulled back to a short term support level 467.09. This is a good buy place and with your stop loss below 403.20, we expect a possible momentum to the upper side. The anticipated bullish price rally is the unfolding of the corrective three wave cycle and may breakout above 546.00 and should extend towards 729.60. This view will only be invalidated in case the price breaks below 403.20.

Trade Recommendation.

Look for a buy position now with an ultimate target at 831.60

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Graham Osano
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