Expect buyers to come in anytime from now | 16 May 2018

Wave Analysis

Ethereum is currently trading around a key 4 hour support 706.17. This is a second chance for those who missed the opportunity buy this Crypto. The level 706.17, is a key level and as long as the price remains above 706.17, we expect a possible momentum to the upper side with the first target at 891.14 and the next at 1000.00. This view can only be invalidated in case the price breaks below 706.17, if this is the case, then we'll wait for a confirmation, a pullback to the just broken level, to pick a low risk short position towards 552.10.

Trade Recommendations:

Buy Ethereum now with your take profit at 891.84