Rebuy Ethereum around 736.27 | 08 May 2018

Wave Analysis

Yesterday, Ethereum attempted a break below the 4 hour support level 736.27 but could not close below it. We're now above a key support level 735.27, and as long as the price remains above this level, we expect a possible rally to the upper side, if you're not already in a long position, you could wait for a slight pullback towards 735.27 to buy Ethereum towards 895.84.On the other side, should the price breaks below 735.27, then we may consider a short position towards 563.80 and the next target at 460.60.

Trade Recommendations:

Rebuy Ethereum around 736.27 towards 893.64

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.