Buy Ethereum above 735.77 towards 977.60 | 02 May 2018

Wave Analysis

Ethereum is still rallying within a tight range, not going above 735.77 or below 583.80. We expected a clean pullback towards 583.80 to pick a low risk long position, however, Ethereum could break above 736.77 towards 977.60 without pulling back. If you're not already in a long position, then you could consider staying on the sidelines and only buying a break above 735.77, or a rebound from the 4 hour support level 583.80. In either ways, the anticipated bullish price rally is the continuation of both the impulsive waves (v) and (c) and should break above 736.77 towards 977.60.

Trade Recommendations:

Buy Ethereum above 735.77 towards 977.60