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Look for a buy position

11 July 2018, ETH

Look for a buy position

Wave Analysis

After breaking below 467.09, Ethereum rallied to the lower side and is currently being supported by the lower trendline. We expect the previous day's decline in price to have marked the unfolding of the corrective wave (b), that any clear rebound from the same trend line will be an onset to the last impulsive wave (c) and should break above 467.098, before a move further to the upperside is seen. This view will only be rendered futile in case the price breaks below 411.20, if this is the case, then we'll expect a possible rally further to the lower side.

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Graham Osano
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