On the sidelines | 02 March 2018

Wave Analysis:

During the previous trading, the corrective wave (iv) stretched significantly the upper side and even went above the upper resistance trend line. This is a significant move, and while the price is above this trend line this correction may extend to the upper side towards 11626.32 which is a good sell place. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and may break below 4666.02 towards 1000.00. So far, since the beginning of this year, this crypto has been on the fall and therefore chances of falling even further are very high, but if the price gets above 11626.32, then we;ll be waiting for a second break above 13000.64 to confirm a bullish rally towards 20785.30.

Trade Recommendations:

Still waiting for clear direction.

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.