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