On the sidelines | 01 June 2018

Wave Analysis

Despite the previous day's momentum to the upper side, Ethereum is still below both the upper trend line and also below the horizontal resistance 589.37. as long as these lines are to violated to the upper side, chances are that the price may continue to the lower side. However, should the price violate 589.35, then we'll be keen to wait for a perfect low rise buy position with our ultimate target at 706.35. At the moment, we choose to remain on the sidelines despite the previous advice to short this crypto.

Trade Recommendation

On the sidelines

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.