Remain short | 19 March 2018

Wave Analysis:

During the previous trading day, the impulsive wave (v) extended slightly to the lowerside, but is still pretty much bearish both on the daily and the weekly charts. Today and in the next few days, we expect a possible continuation of the impulsive wave (v) to the lowerside and should first break below 4666.02 towards 1245.00. According to the current chart set and structure, only short positions looks more ideal and can be recommended, however, we can buy upon a rebound from 4666.02. You could sell this virtual currency now, or below 4666.02.

Trade Recommendations:

Remain short with an ultimate target at 4666.02