Wait for a rebound from the immediate trendline | 11 June 2018

Ethereum

Wave Analysis

Instead of continuing upwards above 559.37, Ethereum declined tremendously but is currently approaching a key supportive trendline. As long as the price remains above this trendline, we expect a possible momentum to the upperside, ideally, we're waiting for a rebound from it, to pick a low risk buy position with the first target at 714.43 and the last at 824.52. On the hourly chart attached, a sell position can only be recommended in case the price breaks below the supportive trendline, if this is the case, then we'll expect a rally to the lowerside.

Trade Recommendation.

Wait for a rebound from the immediate trendline to pick a long position.

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.