Remain long with your first target at 460.35 | 12 April 2018

Wave Analysis

After breaking above the upper trend line acting as the top to the falling channel, Ethereum pulled back to the line before heading to the upper side. We expect the pullback towards 359.53 to have marked the end of the corrective wave (b) that the current bullish price rally is the continuation of the impulsive wave (c) to the upper side and should not go beyond the hourly resistance level 440.35. If this target is taken out, then we expect further momentum to the upper side but should not go beyond the hourly resistance level 618.17.

Trade Recommendations:

Remain long with your first target at 460.35 and the next target at 618.17.

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.