Remain short towards 4666.02 | 16 March 2018

Wave Analysis:

During the previous trading day, the impulsive wave (v)extended just slightly to the lowerside and is still several points above our target level 4666.02. Today and in the next few days, we expect a possible extension to the lower side and should break below 4666.02 towards 2997.20. This downward rally is highly anticipated but we cannot refute the fact that this crypto could correct itself upwards towards 9017.00 before eventually taking off to the lower side. On the 4 hour chart above, its good and more ideal to look for short positions.

Trade Recommendations:

Remain short towards 4666.02

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.