Rebuy Ethereum upon a rebound from 460.35 | 16 April 2018

Wave Analysis

Ethereum continues to rally to the lowerside despite the Friday's forecast that it could gain value. We expect this upward rally to have been a mere correction of the impulsive wave (c) to the lowerside but should not go beyond the hourly support level 460.35. We're waiting for a pullabck to the lowerside, towards 460.35 to rebuy the impulsive wave (c) to the upperside towards 618.17. This view can only be invalidated in case the price end up breaking below 460.35, this being the case, we'll expect a momentum to the lowerside.

Trade Recommendations:

Rebuy Ethereum upon a rebound from 460.35 towards 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.