Ethereum only on a clear buy signal | 28 March 2018

Wave Analysis:

Following the previous week's bearish pin bar, and an inside bar, Ethereum has been rallying to the lower side and is still pretty much bearish both on the daily and then weekly charts. Yesterday, the value of Ethereum declined below 448.96 and is still below it. As long as the price remains below it, we expect a possible slight extension of the corrective wave (4) to the lower side but should not go beyond 374.75, where we'll be looking to buy the impulsive wave (5) to the upper side with the first target at 1368.90 and the next target at 1500.00.

Trade Recommendations:

Rebuy Ethereum only on a clear buy signal around 374.75 towards 1368.90