We're short towards 485.35 | 29 May 2018

Wave Analysis

After breaking below the supportive trendline, Ethereum pulled back to the same trend line but could not rise above it. From the current chart set up and structure, Ethereum could possibly sustain the break below this trend line, therefore, as long as the price is contained below it, the immediate trend line, we expect a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and should first break below 485.35 towards 250.00.

Trade Recommendations:

We're short towards 485.35.

101% Double the volume

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.