Still bearish | 29 June 2018

Wave Analysis

Despite the previous day's massive lose in value, Ethereum is still within the falling channel, and most importantly below a key level 467.09. As long as the price remains within the falling channel, and most importantly below 467.09, we expect a possible bearish price movements towards 404.254 and should break even lower. This being the case, we'll expect the impulsive wave (v) to continue further to the lowerside with an ideal first target at 382.21 and the next 342.32. This view will only be invalidated in case the price breaks above 467.49.

Trade Recommendation.

Still short towards 342.00

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.