Look for a possible buy position | 26 March 2018

Wave Analysis:

Ethereum continues to consolidate somewhere within the daily support zone 499.64-659.75. As long as this zone remains intact, we expect a possible long term long position from this zone. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upper side and may break above 1390.01 towards 1500.00. This view can only be invalidated in case the price clearly goes below 499.64, if this is the case, then we expect a possible bearish price rally, but should not go below 242.47.

Trade Recommendations:

Look for a possible buy position now with an ideal target at 1390.01