Remain long | 28 February 2018

Wave Analysis:

The corrective wave (4) failed to break below the supportive zone 672.11-557.95. Ethereum could continue to rise especially while the price is above 672.11, however, any pullback to the lower side may attract a long risk long position with a target being 1390.01. At the moment, only a long position looks more ideal, but if the price can break above 671.11, then we'll wait for a second break below 557.95 to confirm a possible rally towards 242.47 or even lower. If you went long previously around 672.11, you could take your profits at 998.55, and also 1313.00. Alternatively you could buy Ethereum above 1390.01 towards 1500.00.

Trade Recommendations:

Remain long

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.