We’re short towards 100.00 | 03 April 2018

Wave Analysis:

Perfectly as previously forecasted, Ethereum has been on a constant downtrend since the beginning of this year and is still pretty much bearish both on the daily, and the weekly’s charts. Generally, sellers in this market are in full control, this, we expect further drop in price. The anticipated bearish price rally will be the continuation of both the impulsive waves (v) and (5) and should go beyond 334.75 towards 100.00. According to the hourly chart above, we only recommended waiting for clear sell signals, and if you’re not short already, you could wait for a break below 363.48 to short Ethereum towards 100.00. At the moment, we put our buyers on the sidelines unless the price breaks above 432.65, and even then, we’ll be waiting for confirmation that the price will continue upwards towards

Trade Recommendation:

We’re short towards 100.00