We're long towards 891.64 | 15 May 2018

Wave Analysis

Just as in Bitcoin, Instead of going long as previously expected, Ethereum went below the 709.36 handle but has pulled back above the same level. This Crypto could spike upwards anytime and therefore, as long as the price is contained above 709.36, we expect a possible momentum to the upper side with an ultimate target at 891.64. This view will only be rendered futile in case the price breaks below 709.37 and remains there, this being the case, we'll expect a possible bearish rally and may stretch below 583.80 towards 460.84.

Trade Recommendations:

We're long towards 891.64