On the sidelines. | 06 March 2018

Wave Analysis:

Since the previous day's forecast, nothing significant has changed on this crypto. We only saw a slight move to the lower side but still way several pips from our buy zone set at 557.95-672.51. Temporarily, we choose to remain on the sidelines, expecting the price to drop firs to our zone before we pick a long position. According to the current chart set and structure, we're good to remain flat, should the price rebound from 672.11-557.95, then this will be a good buy place, however, should the price break below 557.95, then we expect a decline towards 242.47.

Trade Recommendation

On the sidelines.

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.