Remain short | 29 March 2018

Wave Analysis:

Since February 26th 2017, Ethereum spiked higher and reached the highest high of all times, 1414.77, This spike was followed by a crash to the lower side earlier this year. So far, Ethereum has lost almost almost 75% the value it gained in the year 2017. We expect further crash to the lower side especially while the price has not reached the bottom set at 22.07. From a technical point of view, this Crypto has formed a perfect inverted V, and we expect the price to drop up to the origin of the first leg of this inverted V formation, 22.07.

Trade Recommendation:

Remain short with an ultimate target at 22.07

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.