Wait for a clear break below 363.49 | 05 April 2018

Wave Analysis:

After bouncing from the upper resistive trend line, acting as the top to the falling wedge formation, Ethereum has been in a relentless downtrend. Yesterday, the price established a support at 363.48 and is still pretty much above it. This Crypto is bearish and therefore unless the price clearly breaks above the upper trend line, we expect a possible momentum to the lowe rside. In the meantime, we're waiting for a break below 363.49 to confirm a possible momentum towards 310.21.

Trade Recommendation:

Wait for a clear break below 363.49 to pick a short position with an ideal target at 310.00

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.