Sell the this crypto below 354.57 | 11 April 2018

Wave Analysis:

After the end of the impulsive five wave cycle around 359.57, this crypto has been on a lousy rise towards the end of the impulsive wave (3). We expect this upward rally to be the unfolding of a corrective three wave cycle but should not go beyond the short term resistance level 460.35 where we'll be looking to resell the impulsive wave (5). If this target is broken, then the price will likely continue upwards 618.17 or even higher. This view can only be invalidated in case the price breaks below 354.57, if this is the case, then a momentum towards 300.0 is expected.

Trade Recommendations:

Sell the this crypto below 354.57 towards 300.00