Flat | 22 May 2018

Wave Analysis

Yesterday, Ethereum corrected itself lower than previously anticipated and is now below our buyers level 706.31. This crypto is still bullish especially while it is still above the lower supportive trend line, thus, while we're below 706.31, our main focus is still on the buyers, we're still waiting for another attempt to rise above 706.31 to pick a low risk buy position with our target at 837.30. But as long as the price is below 706.31, we recommend remaining on the sidelines, and waiting for a buy upon a bounce from the trend line.

Trade Recommendation:

Flat