Remain short | 25 June 2018

Wave Analysis:

Ethereum continues to lose value and even went below 460.84. The break below this level was a significant move and as long as the price does not violate 460.84, we expect a possible rally to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and should break below 363.48 towards 223.00 or even lower. At the moment, only sell positions can be recommended, but should the price rebound from 363.44 or breaks above 460.64, then these will be the best places to look for long positions.

Trade Recommendations:

Remain short with an ultimate target at 363.46.

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.