Flat | 07 June 2018

Wave Analysis

Instead of continue short as previously forecasted, Ethereum rallied higher and even broke out above the upper trend line and is still pretty much above this trend line. This is a potential bullish sign, however, instead of going long immediately, We recommend remaining flat and waiting for a clear buy sign to pick a long position, however, should the price get below this trend line, then we'll consider the break above this trend line, a false breakout and therefore, we should be going short, and continuing short with the impulsive wave (v) but should not go beyond 498.59.

Trade Recommendation:

Flat temporarily

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.