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Look for a long position | 09 April 2018

09 April 2018, ETH

Look for a long position

Wave Analysis:

Few days ago, Ethereum developed a support and could not go beyond the 363.48, we expected a break below this level but as it appears, Ethereum may fail to go below it. As long as the price remains above 363.48, we expect a possible bullish price rally. Ideally, we expect the rebound from 363.48 to have marked the end of both the impulsive waves (v) and (5), that the current movements to the upperside is the unfolding of a corrective three wave cycle but should not go beyond 413.00.
Trade Recommendations:
Look for a long position with your target at 413.00

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Bob Stan
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