Flat temporarily | 23 February 2018

Wave Analysis:

Despite the previous day's forecast that Ethereum could rise towards 1392.35, this virtual currency continues to drop in value. We expect this loss to be mere phase of the corrective wave (4) and should not break below the supportive zone 672.81-596.23 where we have our buyers. With that in mind, its good to remain flat and wait for a rebound from the just stated zone to long this virtual currency with your target being at 1472.25. The anticipated bullish price rally is the continuation of the impulsive wave (5) and may break above 1472.25 towards 1500.00.

Trade Recommendations:

Buy ETH upon a rebound from 672.81-596.23 towards 1472.25

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.