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We're long

13 July 2018, ETH

We're long

Wave Analysis

After breaking above the falling wedge formation, Ethereum rallied slightly to the upperside, but has now pulled back to the lower supportive trendline. We expect the rebound from this trendline to have marked an end to the corrective wave (b), that the current rally to the upperside is the continuation of the impulsive wave (c) to the upperside and should break above 467.09 but should not go beyond 607.55. This view can only be invalidated in case the price breaks below 411.20, if this is the case, then we'll expect a rally to the lowerside.

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We're long

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Graham Osano
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