Buy Ethereum upon a rebound from 557.99 | 15 March 2018

Wave Analysis:

During the previous trading day, we saw an extension of the corrective wave (4) but still within our buyers territory 672.11-557.95. As long as this zone protects the lower side, it remains to be a good buy place for long term buyers. The anticipated buy positions will be the continuation of the impulsive wave (5) to the upper side and may break above the 1390.01 handle towards 1500.00. This view can only be invalidated in case the corrective wave (4) extend below 557.99, this being the case, we expect further momentum towards 450.9 or lower to 242.47.

Trade Recommendations:

Buy Ethereum upon a rebound from 557.99 with your target at 1390.01