We're long | 12 March 2018

Wave Analysis

During the previous trading week, the corrective wave (4) could hardly break below the supportive zone 672.11-557.95, instead, it rebounded perfectly from it and is currently heading to the upper side, we expect this upward rally to the unfolding of the impulsive wave (5) to the upper side and should break above the Ethereum's monthly resistance 1390.01 towards 1500.00 or even higher. On the contrary, if the price should break below 672.11, then we'll be waiting for clear signs that the price will continue downwards towards 242.42 or even lower.

Trade Recommendations:

We're long with an ultimate target at 1390.01

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.